FREEWON(SH:688678) Zheng Quan Zhi Xing·2025-08-21 10:22Core Viewpoint - The company has approved the use of up to RMB 190 million of temporarily idle raised funds for cash management, aiming to enhance fund utilization efficiency and generate returns for the company and its shareholders [2][8]. Fund Management and Usage - The company will utilize the raised funds in a manner that does not affect the construction of investment projects or normal operations, with a maximum of RMB 190 million allocated for cash management over the next 12 months [2][8]. - The funds will be invested in low-risk, high-liquidity financial products with capital protection agreements, such as structured deposits, time deposits, and large-denomination certificates of deposit [5][8]. Fundraising Overview - The company was authorized to issue 7 million convertible bonds at a face value of RMB 100 each, raising a total of RMB 700 million, with a net amount of RMB 690 million after deducting issuance costs [2][3]. Investment Purpose and Strategy - The objective of using idle funds for cash management is to improve the efficiency of fund usage and increase returns for the company and its shareholders, while ensuring that investment projects proceed as planned [4][6]. - The company has established strict risk control measures, ensuring that investments are made only in safe and liquid financial products [5][6]. Approval and Oversight - The board of directors and the audit committee have unanimously agreed to the cash management proposal, confirming that it aligns with legal regulations and does not harm the interests of the company or its shareholders [8][9].