Core Viewpoint - The company, Guangdong Songfa Ceramics Co., Ltd., is utilizing part of its temporarily idle raised funds for cash management and will store the funds in a designated account to enhance fund efficiency while ensuring the safety of the funds [2][3][7]. Fundraising Basic Situation - The company issued 109,080,992 shares at a price of RMB 36.67 per share, raising a total of approximately RMB 3.999 billion, after deducting issuance costs [2][3]. Fund Management and Usage - A special account has been established for the raised funds to ensure dedicated storage and usage, with a three-party supervision agreement signed with the independent financial advisor and the bank [3]. - The actual net amount of raised funds is lower than the planned amount for investment projects, leading to adjustments in the investment amounts [3]. Cash Management Purpose - The purpose of cash management is to improve the efficiency of the raised funds and ensure that the investment projects are not affected while maximizing the benefits of temporarily idle funds [4]. Cash Management Products - The company plans to use up to RMB 500 million of temporarily idle funds to purchase low-risk, highly liquid cash management products, with a maximum investment period of 12 months [4]. Implementation and Decision-Making - The board of directors has authorized the management to make decisions within the specified limits and timeframes, following the company's financial management procedures [4][5]. Income Distribution from Cash Management - The income generated from cash management will belong to the company and its subsidiaries, managed according to regulatory requirements [5]. Agreement on Time Deposits - The company will also store temporarily idle funds in a designated account under an agreement with a commercial bank, with the deposit interest rate based on the bank's terms [5]. Review Procedures - The proposal for cash management and time deposit storage has been reviewed and approved by the board of directors, ensuring compliance with necessary procedures [6]. Independent Financial Advisor Opinion - The independent financial advisor confirms that the company's actions comply with relevant regulations and do not alter the intended use of the raised funds, benefiting all shareholders [7][8].
*ST松发: 西南证券股份有限公司关于广东松发陶瓷股份有限公司使用部分暂时闲置募集资金进行现金管理及以协定存款方式存放募集资金的核查意见