Core Viewpoint - The company plans to continue using part of its temporarily idle raised funds for cash management, with an investment amount of up to RMB 64 million, ensuring high safety and liquidity of the investment products [1][4][9]. Summary by Sections 1. Basic Situation of Raised Funds - The company has raised a total of RMB 640.32 million by issuing 69.1489 million shares at RMB 9.26 per share, with a net amount of RMB 571.48 million after deducting issuance costs [2]. - The raised funds have been fully received and stored in a dedicated account, with a regulatory agreement in place [2]. 2. Investment Projects of Raised Funds - The total investment amount for the projects funded by the raised capital is RMB 475.78 million, with the entire amount planned to be funded by the raised capital [2]. 3. Previous Use of Idle Raised Funds - In August 2024, the company approved the use of up to RMB 229 million of temporarily idle raised funds for cash management, focusing on high-safety and high-liquidity investment products [3][4]. 4. Current Use of Idle Raised Funds - The company intends to use up to RMB 64 million of temporarily idle raised funds for cash management, with the investment period aligned with the board's resolution validity of 12 months [4][5]. - The investment products will include structured deposits, time deposits, large certificates of deposit, and seven-day notice deposits, ensuring they are not used for pledging or securities investment purposes [4][5]. 5. Decision-Making and Implementation - The board has authorized the management to make investment decisions within the approved limits and timeframes, with the finance department responsible for implementation [5][9]. 6. Impact on Daily Operations - The use of idle funds for cash management will not affect the progress of the investment projects or the company's main business, and it aims to enhance the efficiency of fund usage and increase returns for the company and its shareholders [8][9]. 7. Review Procedures and Opinions - The board and supervisory committee have approved the cash management plan, confirming it does not harm the interests of the company or its shareholders [9][10].
华丰科技: 关于继续使用部分暂时闲置募集资金进行现金管理的公告