Core Viewpoint - Shenzhen Zhishang Technology Co., Ltd. has approved the use of idle raised funds (including oversubscribed funds) for cash management to enhance fund utilization efficiency and increase cash asset returns, with a limit of up to RMB 1 billion for a period of twelve months [1][6]. Group 1: Cash Management Approval - The company held board and supervisory meetings on April 17, 2025, and a shareholder meeting on May 9, 2025, to approve the cash management proposal [1][2]. - Independent directors and the sponsor institution expressed clear agreement on the cash management plan [2]. Group 2: Cash Management Implementation - The company has redeemed cash management products purchased with idle raised funds and will continue cash management activities [3]. - The total unused balance of idle raised funds for cash management as of the announcement date is RMB 895 million, which is within the approved limit of RMB 1 billion [7]. Group 3: Risk Control Measures - The company will invest only in high-security, liquid financial products with a maturity of no more than 12 months, primarily influenced by macroeconomic policies [3][4]. - Strict adherence to regulatory guidelines and internal management systems will be maintained during cash management operations [4][5]. Group 4: Impact on Company - The cash management initiative will not affect the construction of fundraising projects or the normal operation of the company's main business, ensuring the protection of shareholder interests [6].
深圳市致尚科技股份有限公司关于使用部分闲置募集资金（含超募资金）进行现金管理赎回并继续进行现金管理的进展公告