SCS(SH:601555) Zheng Quan Zhi Xing·2025-08-25 17:04Summary of Key Points Core Viewpoint The company intends to utilize part of its idle raised funds for cash management to enhance the efficiency of fund usage while ensuring that it does not affect the ongoing investment projects and normal operations of the company [4][6][7]. Group 1: Fundraising and Investment Projects - The company raised a total of RMB 671.83 million through its initial public offering, with a net amount of RMB 675.83 million after verification [1]. - As of June 30, 2025, the company has allocated funds to various projects, including the Kunshan Hanjing Precision Connector Production Project and the Automotive High-Frequency Signal Cable and Connector Project, with total investments of RMB 567.81 million and RMB 157.66 million respectively [2][3]. - The company has also approved changes to the use of raised funds, reallocating RMB 185.66 million from the Kunshan project to new projects, including the Semiconductor Metal Heat Sink Material Project [2][3]. Group 2: Cash Management Plan - The company plans to use up to RMB 290 million of idle raised funds for cash management, with a maximum investment period of 12 months for each financial product [4][5]. - The cash management aims to improve the efficiency of idle funds without impacting the ongoing investment projects or normal operations [4][6]. - The company will invest in low-risk financial products, such as structured deposits and government bond reverse repos, ensuring that these funds are not used for stock investments or other high-risk activities [4][5]. Group 3: Approval and Oversight - The board of directors and the supervisory board have approved the cash management plan, confirming that it will not harm the interests of shareholders or alter the intended use of raised funds [6][7]. - The sponsor institution has conducted a review and supports the cash management initiative, stating that it complies with relevant regulations and does not pose risks to investor interests [7][8].