Core Viewpoint - Zhejiang Wihua New Materials Co., Ltd. plans to utilize part of its temporarily idle raised funds for cash management to enhance the efficiency of fund usage and maximize shareholder interests [4][8]. Summary by Sections Cash Management Product Overview - The company will use up to RMB 700 million (70,000 million) of temporarily idle raised funds for cash management, focusing on safe and liquid products such as structured deposits and large certificates of deposit, with a maximum term of 12 months [5][12]. Investment Purpose - The investment aims to improve the efficiency of raised fund usage without affecting the normal investment plan and ensuring the safety of the raised funds [4][8]. Source of Funds - The cash management funds will come from the temporarily idle raised funds from the company's initial public offering (IPO), which raised a total of RMB 1,501.45 million (150,145.26 million) after deducting issuance costs [6]. Investment Method - The company will purchase low-risk financial products, ensuring that these funds do not affect daily operations or the normal implementation of investment projects [8][14]. Risk Management - The company has established a risk management framework to ensure compliance with regulations and safeguard the principal of the cash management investments [13]. Financial Impact - The cash management activities will be conducted in a manner that does not impact the company's investment plans or shareholder interests, and the accounting treatment will follow the new financial instrument standards [14].
浙江巍华新材料股份有限公司关于使用部分暂时闲置募集资金进行现金管理的进展公告