Milkground(SH:600882) Shang Hai Zheng Quan Bao·2025-09-09 21:41Core Viewpoint - The company, Shanghai Miaokelan Food Technology Co., Ltd., has announced the use of temporarily idle raised funds for cash management, which has been approved by the board and supervisory committee without the need for shareholder meeting approval [2][10]. Group 1: Cash Management Redemption Situation - On June 9, 2025, the company used part of its idle raised funds to purchase a structured deposit product amounting to 100 million yuan, which matured on September 9, 2025, yielding a return of 512,500 yuan [3]. Group 2: Investment Overview - The purpose of the investment is to enhance the efficiency of raised fund utilization while ensuring that normal operations and project construction are not affected, thereby increasing returns for the company and its shareholders [4]. - The total amount for cash management investment is 110 million yuan, sourced from temporarily idle raised funds [5]. Group 3: Fundraising Overview - The company raised approximately 2.98 billion yuan through a private placement of shares, with the net amount after expenses being 2.98 billion yuan [6]. - The raised funds are managed in a dedicated account, and the company has signed a tripartite supervision agreement with the bank and the sponsor [6]. Group 4: Investment Method - The cash management product purchased is a bank structured deposit with a floating return type, ensuring high safety and liquidity, and does not alter the intended use of the raised funds [8]. Group 5: Investment Impact - The cash management will not affect the company's main business or the implementation of investment projects, and it is expected to enhance returns for shareholders [14]. - As of June 30, 2025, the company's cash balance was approximately 655.62 million yuan, with the cash management investment representing 16.78% of this amount [14]. Group 6: Opinions from Supervisory Committee and Sponsor - The supervisory committee supports the cash management initiative, stating it will improve fund efficiency and is in the best interest of shareholders [16]. - The sponsor, Dongfang Securities, confirms that the cash management decision has followed necessary approval procedures and complies with relevant regulations [17].