GOLDENSEA(SH:603311) Zheng Quan Zhi Xing·2025-08-18 09:12Core Viewpoint - The company intends to utilize part of its idle raised funds for cash management by investing in low-risk financial products to enhance fund efficiency and safeguard shareholder interests [1][3]. Summary by Relevant Sections 1. Overview of the Cash Management - The purpose of the cash management is to improve the efficiency of fund usage without affecting the construction of fundraising projects, aiming to increase fund returns [1]. - The amount allocated for cash management is RMB 65 million [1]. 2. Details of the Fundraising - The company has completed a non-public offering of 25,883,907 shares at a price of RMB 12.13 per share, raising a total of RMB 313.97 million, with a net amount of RMB 306.51 million after deducting issuance costs [2]. 3. Financial Products Overview - The cash management products include: - A structured deposit from China Merchants Bank with an investment of RMB 15 million, expected annual yield of 1.00% or 1.71%, and a term of 92 days [4]. - A structured deposit from Ningbo Bank with an investment of RMB 20 million, expected annual yield of 1.00%-2.05%, and a term of 91 days [5]. 4. Compliance and Risk Control - The investment in financial products complies with national laws and regulations, ensuring the safety of raised funds and not affecting the normal progress of fundraising projects [6]. - The company will maintain close contact with the banks to monitor the operation of the invested funds and strengthen risk control [5][6]. 5. Financial Impact - Recent financial indicators show total assets of RMB 1.68 billion and net assets of RMB 1.31 billion as of December 31, 2024 [6]. - The company aims to enhance overall performance and provide better returns for shareholders through prudent cash management [6]. 6. Decision-Making Process - The board and supervisory committee approved the cash management plan on April 22, 2025, allowing the use of up to RMB 150 million of idle funds for cash management within a 12-month period [8]. 7. Previous Fund Management - In the past 12 months, the company has invested a total of RMB 57.5 million in financial products, with a return of RMB 336.21 thousand, indicating a yield of 5.17% relative to the last year's net profit [8].