Zheng Quan Zhi Xing·2025-08-26 16:23Core Viewpoint - Fujian Strait Environmental Protection Group Co., Ltd. plans to utilize part of its idle raised funds for cash management to enhance fund efficiency while ensuring that it does not affect the normal operation of its investment projects [1][5]. Fundraising Basic Situation - The company raised funds through a non-public offering of 84,158,415 shares at a par value of RMB 1.00 per share, with the funds received on June 23, 2022, totaling RMB 502.70 million after deducting issuance costs [1][2]. Investment Projects and Usage - The total investment amount for the projects is RMB 601.40 million, with the adjusted total investment amount being RMB 510.00 million. The actual net amount raised is RMB 502.70 million, which is less than the planned investment amount [2]. Cash Management Plan - The company intends to use up to RMB 100 million of idle raised funds for cash management within 12 months from the board's approval, allowing for rolling use of the funds [3][4]. Investment Products - The cash management products will include high-security, high-liquidity options such as bank time deposits and structured deposits, with a maximum investment period of 12 months [3]. Implementation and Profit Distribution - The board has authorized the management to handle cash management matters, and any profits generated will be managed according to regulatory requirements [4]. Impact on Daily Operations - The cash management of idle funds will not affect the normal operation of investment projects and is expected to enhance fund efficiency, benefiting the company and its shareholders [5]. Verification by Sponsor Institution - The sponsor institution has confirmed that the cash management plan complies with relevant regulations and will not harm shareholder interests or alter the intended use of raised funds [5].