CS&S(SH:600536) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-09-06 00:12Core Viewpoint - The company has approved the use of up to RMB 1.5 billion of temporarily idle raised funds for cash management, ensuring that it does not affect the normal operation of fundraising projects [2]. Group 1: Cash Management Approval - The company convened its 22nd meeting of the 8th Board of Directors on August 22, 2025, to approve the cash management proposal [2]. - The cash management will involve investments in high-security, high-liquidity, and capital-preserving financial products [2]. - The authorized period for using the funds is 12 months from the date of board approval, with the possibility of rolling over the funds within the approved limit [2]. Group 2: Account Setup and Management - The company has opened a dedicated settlement account for cash management of raised funds and has begun purchasing cash management products [3]. - The accounts set up for cash management will be automatically canceled after the products mature, ensuring that they are exclusively used for the management of temporarily idle raised funds [3]. Group 3: Investment and Risk Management - The company emphasizes adherence to prudent investment principles, focusing on low-risk cash management products [5]. - Regular checks on account balances and financial assessments will be conducted to monitor the safety of the investments [5]. - The independent directors and the audit committee have the authority to supervise the use of raised funds and can engage professional institutions for audits if necessary [5]. Group 4: Impact on Operations - The use of idle raised funds for cash management is designed to enhance fund utilization efficiency and generate returns for shareholders, without impacting the normal operations of fundraising projects [6]. - There have been no other cash management activities involving idle raised funds in the past twelve months prior to this announcement [6].