Zheng Quan Zhi Xing·2025-08-29 10:24Summary of Key Points Core Viewpoint - The company, Huitong New Materials Co., Ltd., is utilizing part of its idle funds raised from the issuance of convertible bonds for cash management, ensuring that this does not affect the progress of its investment projects or the normal use of funds [1][2][7]. Group 1: Fundraising Overview - The company issued a total of 8,300,000 convertible bonds at a face value of RMB 100 each, raising a total of RMB 83,000 million, with a net amount of RMB 81,946.18 million after deducting issuance costs of RMB 1,053.82 million [1][2]. - The funds raised are stored in a special account approved by the board of directors, with a regulatory agreement in place with the sponsor and the bank [2]. Group 2: Cash Management Plan - The company plans to use up to RMB 28,000 million of the idle funds for cash management, with a usage period not exceeding 3 months, while ensuring that it does not impact the investment projects [2][3]. - The cash management will involve purchasing low-risk, liquid investment products, such as structured deposits and large-denomination certificates of deposit, which will not be used for pledging or securities investment [3][4]. Group 3: Approval and Oversight - The board of directors and the supervisory board have approved the cash management plan, confirming that it complies with relevant laws and regulations [5][6]. - Independent directors and the supervisory board have expressed their agreement, stating that the plan will enhance fund efficiency without harming shareholder interests [6][7]. Group 4: Impact on the Company - The cash management initiative is expected to improve the efficiency of fund usage and increase returns for the company and its shareholders, without affecting the ongoing investment projects [4][5][6].