IRAY TECHNOLOGY(SH:688301) Xin Lang Cai Jing·2025-09-29 14:52Core Viewpoint - The company plans to utilize up to RMB 1.1 billion of temporarily idle raised funds for cash management, focusing on low-risk, high-liquidity principal-protected products to enhance fund efficiency and maximize shareholder value [1][3]. Fundraising Overview - The company raised a total of RMB 1,173.62 million through a specific issuance of A-shares in 2024, with a net amount of RMB 1,159.88 million after deducting related fees [2]. Cash Management Details - The purpose of cash management is to improve the efficiency of raised fund usage while ensuring the safety of the funds and not affecting project construction [3]. - The company will invest in low-risk, high-liquidity products such as principal-protected wealth management products, structured deposits, and time deposits, with a maximum investment period of one year [3]. - The cash management plan is authorized for 12 months from the board's approval, allowing for rolling use of funds within the specified limit [3]. Impact on Daily Operations - The cash management strategy will not interfere with the ongoing projects funded by the raised capital, ensuring that the company's operations and shareholder interests are protected [4]. - The management of idle funds is expected to enhance cash asset returns and improve overall fund efficiency [4]. Risk Management - Although the company is investing in low-risk products, it acknowledges potential market volatility due to macroeconomic factors [4]. - The company has established strict compliance measures and oversight mechanisms to manage cash effectively and mitigate risks [4]. Supervisory Opinions - The supervisory board and the sponsor institution both agree that the cash management plan will not adversely affect the company's fundraising projects and is in line with legal regulations [5].