Zheng Quan Zhi Xing·2025-08-22 16:24Core Viewpoint - The company, Shenzhen Water New Materials Co., Ltd., is utilizing part of its idle raised funds and self-owned funds for cash management to enhance fund efficiency and increase returns without affecting its operational projects [1][4]. Fundraising Overview - The total amount raised by the company is approximately RMB 599.99 million, with a net amount of RMB 587.85 million after deducting issuance costs. All funds have been received and stored in a dedicated account [1]. - The company plans to invest the raised funds in projects including the construction of a 45,000-ton special polymer material production facility and a headquarters base along with a synthetic biological materials innovation center [2]. Cash Management Plan - The company intends to use up to RMB 250 million of idle raised funds and RMB 200 million of self-owned funds for cash management, with the authorization valid for 12 months from the board's approval date [2][5]. - The investment products for idle raised funds will be low-risk, high liquidity, with a maturity not exceeding 12 months, including structured deposits and large certificates of deposit [3]. Risk Control Measures - The company will select investment products from reputable and financially stable institutions, continuously monitor the net value changes of these products, and take necessary actions if risks are identified [4]. - The audit department will conduct comprehensive checks on the investment products, and independent directors and the supervisory board will oversee the fund usage [4]. Approval Process - The board of directors and the supervisory board have approved the cash management plan, ensuring it does not affect the company's daily operations or the safety of funds [5][6]. - The cash management plan is within the decision-making authority of the board and does not require shareholder approval [5]. Sponsor's Opinion - The sponsor, Guosen Securities, has confirmed that the cash management plan complies with relevant regulations and has undergone necessary legal procedures [6].