TYSJ(SH:688033) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-09-27 00:47Core Viewpoint - The company has approved the use of temporarily idle raised funds for cash management, not exceeding RMB 500 million, to enhance fund utilization efficiency and generate returns for shareholders [3][7][21]. Group 1: Meeting Details - The third meeting of the third supervisory board was held on September 26, 2025, with all three supervisors present [2][4]. - The meeting was convened in accordance with the Company Law of the People's Republic of China and the company's articles of association [2]. Group 2: Fund Management Decision - The supervisory board unanimously approved the proposal to use temporarily idle raised funds for cash management [3][4]. - The funds will be used to purchase low-risk, liquid financial products, ensuring that the investment does not affect the progress of the fundraising projects [7][10]. Group 3: Fundraising Background - The company raised a total of RMB 975.32 million from its initial public offering, with a net amount of RMB 867.81 million after deducting issuance costs [8]. - Additionally, the company raised RMB 2.32 billion through a private placement, with a net amount of RMB 2.30 billion after expenses [9]. Group 4: Cash Management Strategy - The company plans to use the idle funds for cash management within a 12-month period, allowing for rolling use of the funds [13][14]. - The cash management products will include structured deposits, notice deposits, time deposits, and large certificates of deposit [11]. Group 5: Impact on Operations - The cash management strategy is designed to ensure that it does not interfere with the normal operation of the company's fundraising projects or its main business [17]. - The strategy aims to enhance overall performance and provide better returns for the company and its shareholders [17]. Group 6: Compliance and Oversight - The company will adhere to relevant regulations and ensure that the cash management does not change the intended use of the raised funds [15][22]. - The supervisory board and independent directors will oversee the fund usage and may engage professional institutions for audits if necessary [20][22].