Milkground(SH:600882) Shang Hai Zheng Quan Bao·2025-10-09 20:28Core Viewpoint - The company, Shanghai Miaokelan Duo Food Technology Co., Ltd., has approved the use of temporarily idle raised funds for cash management to enhance fund utilization efficiency and increase returns for the company and its shareholders [2][10]. Investment Overview - Investment Purpose: The aim is to improve the efficiency of raised funds and ensure that normal operations and project investments are not affected while increasing company returns [4]. - Investment Amount: The total amount for cash management is set at 310 million yuan [5]. - Source of Funds: The funds are sourced from temporarily idle raised funds, which were raised through a non-public offering of shares totaling approximately 2.98 billion yuan after deducting issuance costs [6]. Investment Details - Investment Method: The company has purchased two structured deposit products from Shanghai Pudong Development Bank, which are characterized as high safety and liquidity, meeting the capital preservation requirements [8]. - Investment Duration: The duration of the cash management products is 49 days [9]. Approval Process - The board and supervisory committee meetings held on November 18, 2024, approved the cash management proposal, allowing the use of up to 1.75 billion yuan of temporarily idle raised funds for a period of 12 months [10]. Impact on the Company - The cash management will not affect the company's normal operations or the implementation of investment projects, and it is expected to enhance returns for shareholders [14]. - As of June 30, 2025, the company's cash balance was approximately 655.62 million yuan, with the cash management investment amounting to 310 million yuan, representing 47.28% of the cash balance [14]. - The accounting treatment for the cash management will classify the principal as trading financial assets, with returns recorded as investment income [14]. Opinions from Supervisory and Sponsoring Institutions - The supervisory committee supports the cash management initiative, stating it will enhance fund efficiency and is in the best interest of shareholders [15]. - The sponsoring institution, Dongfang Securities, confirms that the cash management decision has followed necessary approval procedures and complies with relevant regulations [16].