FLAC(SZ:002536) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-08-20 19:51Core Viewpoint - The company, Feilong Automotive Parts Co., Ltd., has approved the use of idle raised funds and self-owned funds for cash management to enhance the efficiency of fund utilization without affecting ongoing projects and operations [1] Group 1: Cash Management Approval - The company will use up to RMB 320 million (including previously used idle raised funds) and up to RMB 300 million of idle self-owned funds for cash management [1] - The approval for the cash management is valid for 12 months from the date of the board's decision, allowing for rolling use within the specified limits [1] Group 2: Investment Products and Risk Management - The company has purchased a cash management product characterized by high safety and liquidity [2] - The company will implement a separation of decision-making, execution, and supervision in the approval and execution process for purchasing financial products to ensure the safety of the funds [3] - The company will adhere to prudent investment principles, selecting products from reputable and large-scale issuers to safeguard fund security [3] Group 3: Oversight and Disclosure - The independent directors and supervisory board have the authority to supervise and inspect the use of funds, with the option to hire professional institutions for auditing if necessary [4] - The company will fulfill its information disclosure obligations in accordance with regulations from the Shenzhen Stock Exchange and other regulatory bodies [5] Group 4: Impact on Company Operations - The cash management of idle self-owned funds will not affect the company's normal cash flow or the development of its main business [6] - Efficient use of idle funds for cash management is expected to enhance investment returns and improve the company's performance, benefiting both the company and its shareholders [6]