WBTL(SH:603596) Zheng Quan Zhi Xing·2025-08-29 16:40Core Viewpoint - The company has approved an increase in the use of its own funds for cash management, raising the total limit to 1.95 billion RMB, aimed at improving fund efficiency and returns while ensuring daily operational needs are met [1][2][4]. Investment Overview - Investment Purpose: The company aims to enhance fund utilization efficiency, reduce financial costs, and increase returns for the company and its shareholders while ensuring the safety of daily operational funds [2]. - Investment Amount: The board approved an initial amount of up to 1.4 billion RMB for cash management, which was later increased by an additional 550 million RMB, bringing the total to 1.95 billion RMB [2][4]. - Source of Funds: The funds for cash management will come from short-term idle self-owned funds [2]. - Investment Method: The chairman is authorized to manage the use of self-owned funds for cash management, with the finance department responsible for implementation [2]. Investment Duration - The investment decision is valid until the next board meeting that reviews the cash management proposal, with a maximum usage period of 12 months, allowing for rolling use within the approved limits [3]. Review Procedures - The company held board and supervisory meetings on April 21, 2025, to approve the initial cash management proposal and subsequently on August 28, 2025, to approve the increase in the cash management limit [3][4]. Impact on the Company - Utilizing self-owned funds for cash management will not affect the company's normal cash flow or the development of its main business, and is expected to improve fund efficiency and returns for the company and its shareholders [5].