Zheng Quan Zhi Xing·2025-08-29 10:24Summary of Key Points Core Viewpoint - The company, Zhongzai Resources Environment Co., Ltd., is utilizing temporarily idle raised funds for cash management to enhance financial efficiency and returns for shareholders while ensuring that the original investment projects remain unaffected [1][6]. Group 1: Fundraising and Management - The company raised a total of RMB 882,299,962.48 through the issuance of 268,993,891 shares at a price of RMB 3.28 per share, with a net amount of RMB 871,857,421.44 after deducting issuance costs [1][2]. - The funds are stored in a dedicated account to ensure they are used specifically for their intended purpose, with a tripartite supervision agreement in place among the company, the sponsor, and the bank [2][6]. Group 2: Adjustments to Investment Projects - The actual net amount raised is lower than the amount disclosed in the 2021 fundraising prospectus, prompting adjustments to the planned investment amounts for various projects [2]. - The total planned investment amount was adjusted from RMB 109,202.81 million to RMB 94,835.49 million, with a reduction of RMB 7,649.75 million [2]. Group 3: Cash Management Plan - The company plans to use up to RMB 200 million of the temporarily idle funds for cash management, focusing on low-risk investment products such as principal-protected financial products and government bonds [4][5]. - The investment products will have a maximum term that ensures the safety and availability of funds for ongoing projects [4]. Group 4: Approval and Compliance - The board of directors and the supervisory board have approved the cash management plan, confirming that it complies with relevant regulations and does not alter the intended use of the raised funds [6][7]. - The sponsor has verified that the necessary approval procedures were followed and that the cash management will enhance fund efficiency without harming shareholder interests [6][7].