Zheng Quan Zhi Xing·2025-08-29 10:24Core Viewpoint - The company plans to utilize temporarily idle raised funds for cash management to enhance fund efficiency and increase returns for shareholders [3][10][12] Fundraising Basic Situation - The company raised a total of RMB 1,466.41 million through a non-public offering of 136,919,600 shares at RMB 10.71 per share, with a net amount of RMB 1,451.15 million after deducting issuance costs [3][5] - The raised funds have been verified by KPMG and are managed in a dedicated account with a regulatory agreement in place [3][5] Fund Usage Progress and Project Status - As of June 30, 2025, the company has cumulatively used RMB 655.87 million of the raised funds, with an additional RMB 85.92 million from interest income, leaving a balance of RMB 881.80 million [7][8] - The timelines for the "Chain Supermarket Development Project" and "Ningbo Anxian Cold Chain Distribution Center Construction Project" have been extended to May 2027 and May 2026, respectively [8] Cash Management Plan - The company intends to use up to RMB 1,080 million of idle funds for cash management, with a usage period not exceeding 12 months from the board's approval [8][9] - The investment will focus on low-risk, high-liquidity financial products with a maturity of no more than 12 months [8][9] Impact on Daily Operations - The cash management plan will not affect the normal operation of the company or the progress of fundraising investment projects, and it aims to enhance overall performance and shareholder returns [10][11] Review Procedures and Opinions - The board and supervisory committee have approved the cash management plan, affirming that it will not impact the normal fundraising investment plans or operations [11][12]