JLSG(SH:600189) Shang Hai Zheng Quan Bao·2025-09-19 19:23Core Viewpoint - The company, Jilin Quanyangquan Co., Ltd., has announced the use of temporarily idle raised funds for cash management, specifically investing in structured deposits to enhance fund utilization efficiency and generate returns for shareholders [2][3][12]. Summary by Sections Cash Management Overview - The investment purpose is to utilize temporarily idle raised funds for cash management without affecting project construction and normal operations, aiming to achieve floating returns while ensuring capital preservation [3]. - The total amount for this cash management initiative is 84 million RMB [4]. - The source of funds is temporarily idle raised funds [5]. Fundraising Background - The company raised a total of 422.28 million RMB through a non-public issuance of shares, with a net amount of 415.71 million RMB after deducting fees [6][8]. - The raised funds are managed in a dedicated account at China Construction Bank, ensuring compliance with regulations [6]. Investment Details - The company purchased a structured deposit product from China Construction Bank for 84 million RMB on September 18, 2025, with a term of 31 days [9]. - The investment is classified as a low-risk product with a guaranteed principal and a floating return, with expected annual yields ranging from 0.8% to 2.2% [9][10]. Decision-Making Process - The board of directors approved the cash management plan on August 22, 2025, allowing for a maximum of 124 million RMB to be used for cash management within a year [9]. Impact on Operations - The cash management initiative will not affect the normal use of raised funds or the progress of investment projects, ensuring that the company's main business operations remain unaffected [12].