Zheng Quan Zhi Xing·2025-08-29 18:21Core Viewpoint - The company intends to utilize part of its idle raised funds and self-owned funds for cash management, ensuring that this does not affect the construction of investment projects or the normal operation of the company [1][6][8]. Fundraising Basic Situation - The company has been approved to publicly issue 40.01 million shares at a price of RMB 23.60 per share, raising a total of RMB 944.236 million, with issuance costs amounting to RMB 65.914 million [1][2]. Fund Management and Usage - The raised funds are stored in a special account, and a tripartite supervision agreement has been signed with the bank and the sponsor to ensure proper management [2][3]. - The net amount from the fundraising will be used for main business-related projects, including a production project for low-melting point polyester fibers and a recycling short fiber R&D center [2][3]. Cash Management Details - The company plans to use up to RMB 260 million of idle raised funds and up to RMB 1.4 billion of idle self-owned funds to purchase safe, liquid, principal-protected financial products, with individual product terms not exceeding 12 months [3][5]. - The cash management will be valid for 12 months from the board's approval, allowing for rolling use of funds within the specified limits [3][5]. Investment Products and Implementation - The cash management products will be of high safety and liquidity, and will not be used for pledging or securities investment purposes [5][6]. - The board has authorized the management to make investment decisions within the approved limits, with the finance department responsible for implementation [5][6]. Risk Management and Control - The company will select financial institutions with strong capital security capabilities and will maintain close contact to monitor the operation of the invested funds [6][7]. - The company will ensure that the cash management does not affect the implementation of investment projects or the normal operations of the company [6][7]. Approval Process - The board and supervisory committee have approved the cash management proposal, which does not require shareholder approval [7][8]. - The supervisory committee believes that this cash management will enhance the efficiency of fund usage without altering the intended use of the raised funds [7][8]. Sponsor's Opinion - The sponsor has confirmed that the cash management plan complies with relevant laws and regulations, and does not constitute a change in the use of raised funds [8].