Yanmade(SH:688312) Zheng Quan Zhi Xing·2025-08-29 17:01Core Viewpoint - The company has confirmed the use of temporarily idle raised funds for cash management and increased the cash management limit, ensuring that it does not affect the normal operation of its fundraising investment plans [1][3][4]. Fundraising Basic Situation - The company completed its initial public offering (IPO) of RMB ordinary shares on June 2, 2020, with all funds raised amounting to a total of RMB 300 million [1]. Previous Use of Idle Funds - On April 22, 2025, the company approved the use of up to RMB 30 million of temporarily idle raised funds for cash management, with a maximum investment period of 12 months [2]. Current Confirmation and Increase of Cash Management Limit - The company acknowledged that from April 22, 2025, to August 28, 2025, the balance of idle funds used for cash management exceeded the board's authorized limit, reaching a maximum of RMB 56.5 million, which is RMB 26.5 million over the authorized limit [2][3]. - On August 28, 2025, the company held a board meeting to confirm the excess use of idle funds and proposed to increase the cash management limit while maintaining the same investment period [3][4]. Impact on Company Operations - The increase in cash management limits has not adversely affected the company's daily operations or the progress of fundraising investment projects, ensuring no harm to shareholder interests [4][5]. Special Opinion Statement - The board believes that the confirmation of the cash management limit will enhance the efficiency of fund usage and increase returns for the company and its shareholders [4][5]. Sponsor's Verification Opinion - The sponsor, Huatai United Securities, has verified that the increase in cash management limits complies with relevant regulations and has not caused any significant adverse effects on the company's operations or fundraising projects [4][5].