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天宜新材拟用不超5亿元闲置募集资金进行现金管理,提升资金使用效率

Core Viewpoint - The company Tianyi New Materials (688033) has approved the use of temporarily idle raised funds for cash management, not exceeding RMB 500 million, to enhance the efficiency of fund usage and increase returns for the company and its shareholders [1][2]. Fundraising Overview - The company raised a total of RMB 9.753156 billion from its initial public offering (IPO), with a net amount of RMB 8.6781285652 billion after deducting issuance costs, all received by July 18, 2019 [1]. - Additionally, the company raised RMB 23.1904159448 billion through a private placement, with a net amount of RMB 22.9658684624 billion after related expenses, all received by September 30, 2022 [1]. Cash Management Details - The purpose of cash management is to improve the efficiency of raised fund usage and increase returns while ensuring the safety of funds and not affecting project construction [2]. - The company plans to invest in low-risk financial products such as structured deposits, notice deposits, time deposits, large certificates of deposit, and securities company income certificates, with a maximum investment period of 12 months [2]. - The investment decision authority is delegated to the chairman of the board, with the finance department responsible for implementation [2]. Operational Impact and Risk Control - The cash management will not affect the normal operation of fundraising projects and will potentially enhance overall performance by generating investment income [3]. - The company has implemented several risk control measures, including board authorization for decision-making, tracking by the finance department, and oversight by the internal audit department and independent directors [3]. Approval and Oversight - The supervisory board and the sponsor, CITIC Securities, have expressed their agreement with the company's decision to use temporarily idle raised funds for cash management [4].