Workflow
赛特新材:关于使用暂时闲置募集资金进行现金管理的公告

Core Viewpoint - The company, Sait New Materials, announced the approval of a proposal to use temporarily idle raised funds for cash management, allowing for the investment of up to RMB 140 million in low-risk, liquid financial products [1] Group 1: Company Actions - The company will hold its fifth board meeting and the fourteenth supervisory board meeting on August 22, 2025, to review the cash management proposal [1] - The approved cash management will be effective for 12 months starting from September 20, 2025, following the expiration of the previous authorization [1] - The funds can be used for purchasing safe, liquid financial products, including structured deposits, large certificates of deposit, agreed deposits, and principal-protected financial products [1] Group 2: Financial Details - The maximum amount authorized for cash management is RMB 140 million, which includes the principal [1] - The funds can be rolled over within the specified usage period and must be returned to the company's special account for raised funds upon expiration [1]