WBTL(SH:603596) Zheng Quan Zhi Xing·2025-08-18 16:21Core Viewpoint - The company plans to utilize part of its idle raised funds for cash management to enhance fund efficiency and increase returns for the company and its shareholders [1][2][5]. Group 1: Cash Management Overview - The purpose of cash management is to improve fund utilization efficiency without affecting the construction of fundraising projects and normal operations [2][5]. - The source of funds for cash management is temporarily idle raised funds [2]. - The company has approved a maximum amount of 1.3 billion yuan for cash management, with a usage period not exceeding 12 months [5][7]. Group 2: Cash Management Products - The company has invested 170 million yuan in a large-denomination certificate of deposit with a maturity from August 15, 2025, to August 15, 2026, with an expected annual yield of 1.40% [1][4]. - Additionally, 270 million yuan has been allocated to a structured deposit with a maturity from August 18, 2025, to October 20, 2025, with an expected yield of 0.65% to 1.50% [1][4]. Group 3: Approval Process - The company held the ninth meeting of the fourth board of directors and the ninth meeting of the fourth supervisory board on July 30, 2025, to approve the cash management proposal [5][6]. - The proposal was reviewed and received no objections from the sponsoring institution [5][6]. Group 4: Impact on the Company - The cash management of idle raised funds will not affect the normal construction of fundraising projects or the normal use of raised funds [7]. - The income generated from cash management will belong to the company and will be managed according to regulatory requirements [7].