Zheng Quan Zhi Xing·2025-08-22 10:18Core Viewpoint - The company, Zhuzhou CRRC Times Electric Co., Ltd., plans to utilize part of its temporarily idle raised funds for cash management to enhance fund efficiency and maximize shareholder returns [1][2][5]. Fundraising Overview - The company raised a total of RMB 744,321.20 million through its initial public offering, issuing 240,760,275 shares at a price of RMB 31.38 per share [1]. - All raised funds have been deposited into a special account, with a tripartite supervision agreement established among the company, the sponsor, and the commercial bank [2]. Cash Management Plan - The company intends to use up to RMB 100,000 million of temporarily idle funds for cash management within a 12-month period, ensuring that it does not affect the progress of investment projects or normal operations [2][4]. - The investment products will include high-security, liquid cash management products such as structured deposits, large certificates of deposit, and time deposits [2][4]. Approval Process - The board of directors approved the cash management plan on August 22, 2025, allowing the chairman or authorized personnel to make investment decisions within the specified limits [4][5]. - The audit committee supports the plan, confirming compliance with relevant regulations and affirming that it will not alter the intended use of the raised funds [5]. Risk Management - The company acknowledges potential market risks but aims to invest in low-risk, high-liquidity products to safeguard the funds [3][4]. - The cash management returns will be prioritized for supplementing investment project funding and supporting daily operational liquidity [3].