Zheng Quan Zhi Xing·2025-08-21 10:19Core Viewpoint - The company intends to utilize temporarily idle raised funds for cash management to enhance fund efficiency and returns while ensuring that it does not affect the construction of investment projects and normal operations [1][3][7] Fundraising Basic Situation - The company was approved to publicly issue 22,750,000 shares at a price of RMB 40.00 per share, raising a total of RMB 910 million, with a net amount of RMB 834,035,778.55 after deducting underwriting fees and other related costs [1][2] Fund Investment Project Basic Situation - The raised funds will be allocated to various projects, including: - High-power ultra-low nitrogen gas boiler industrialization project with an investment of RMB 54,679.78 million - Ultra-low nitrogen steam boiler industrialization project with an investment of RMB 28,171.97 million - Supplementing working capital of RMB 20 million - The total investment amount is RMB 163,484.80 million, with adjusted amounts totaling RMB 153,618.65 million [2] Cash Management Situation - The purpose of cash management is to improve the efficiency of raised fund usage and increase returns without impacting project construction [3] - The cash management will involve temporarily idle raised funds, with a limit of up to RMB 400 million, valid for 12 months from the board's approval [3][5] Implementation and Risk Control - The company will invest in high-security, liquid financial products, ensuring that these funds are not used for pledging or securities investment [4][5] - The board has authorized the chairman to sign relevant contracts within the approved limits, with the finance department responsible for implementation [5][6] Supervisory and Sponsor Opinions - The supervisory board agrees that the cash management aligns with regulations and does not affect project implementation or fund usage plans, ensuring fund safety and efficiency [6][7] - The sponsor institution confirms that the cash management plan has followed necessary procedures and does not harm the interests of the company or its shareholders [7]