Jiahe Foods(SH:605300) Shang Hai Zheng Quan Bao·2025-10-10 18:42Core Viewpoint - The company, Jiahe Food Industrial Co., Ltd., is utilizing part of its temporarily idle raised funds for cash management, aiming to enhance returns while ensuring that it does not affect the construction of investment projects or normal operations [1][9]. Group 1: Cash Management Overview - The company has approved the use of up to RMB 550 million of idle raised funds for cash management, focusing on low-risk, highly liquid financial products [2][8]. - The cash management initiative was discussed and approved in meetings held on April 24, 2025, and at the annual shareholders' meeting on May 16, 2025 [2][8]. - The company has already redeemed a structured deposit product from China Merchants Bank, with both principal and returns transferred to the company's special account for raised funds [3][4]. Group 2: Fundraising and Management - The total amount raised through a specific stock issuance was approximately RMB 725 million, with net proceeds after expenses amounting to about RMB 711 million [5][6]. - The raised funds are managed in a dedicated account, with strict regulatory agreements in place to ensure proper oversight [6][7]. Group 3: Impact and Measures - The cash management strategy is designed to increase the returns on idle funds without disrupting ongoing investment projects or the company's main business operations [9][10]. - The company has established internal controls to monitor and manage risks associated with cash management, including adherence to regulatory guidelines and regular oversight by independent directors [10][11].