CLS(SZ:002945) Zheng Quan Zhi Xing·2025-08-25 16:30Core Viewpoint - The company plans to utilize idle raised funds (including over-raised funds) for cash management to enhance fund efficiency while ensuring that it does not affect the construction of investment projects or the company's normal operations [1][4][8]. Fundraising Overview - The company successfully issued 30.8 million A-shares at a price of RMB 31.33 per share, raising a total of RMB 964.96 million, with a net amount of RMB 878.12 million after deducting issuance costs [1][3]. - As of June 30, 2025, the remaining balance of unused raised funds is RMB 454.35 million [3][4]. Fund Usage and Management - The company has approved the use of up to RMB 420 million of idle raised funds for cash management, with a usage period of 12 months starting from September 14, 2025 [4][8]. - The cash management will focus on low-risk, high-liquidity principal-protected products, such as structured deposits and large-denomination certificates of deposit [5][6]. Project Delays and Adjustments - The timeline for the completion of several investment projects has been extended from January 25, 2025, to January 25, 2027, with the addition of a wholly-owned subsidiary as a co-implementing entity [2][4]. Decision-Making and Oversight - The board of directors and the supervisory board have both approved the cash management proposal, confirming that it will not adversely affect the company's operations or the intended use of the raised funds [7][8]. - The sponsor institution, Huayin Securities, has verified that the necessary approval procedures have been followed and that the cash management plan complies with relevant regulations [8][9].