浙江五芳斋实业股份有限公司关于使用部分闲置募集资金进行现金管理到期赎回并继续进行现金管理的公告

Core Viewpoint - The company has approved the use of idle raised funds for cash management, specifically investing in structured bank deposits, to enhance fund utilization and generate returns without affecting ongoing projects [1][2][8]. Cash Management Overview - The company has decided to invest RMB 15,000 million in structured deposit products with a maximum allowable amount of RMB 20,000 million for cash management [1][6]. - The cash management decision was made during the board meeting on April 15, 2025, ensuring that it does not impact the normal operation of fundraising projects [2][8]. - The structured deposit purchased from Minsheng Bank matured on October 9, 2025, returning the principal of RMB 15,000 million along with a yield of RMB 74.86 million [3]. Fundraising Details - The company raised a total of RMB 864.37 million through an initial public offering, with a net amount of RMB 761.67 million after deducting various fees [4]. - The funds are managed in a dedicated account to ensure safety and compliance with regulations [4]. Purpose of Cash Management - The objective of cash management is to utilize idle funds effectively to increase returns for the company and its shareholders while ensuring that ongoing projects are not disrupted [4][12]. Investment Risk and Control Measures - The structured deposit products are classified as low-risk investments with principal protection, and the company has implemented strict compliance and monitoring measures to manage potential risks [9][10][11]. - The company maintains a detailed accounting of fund usage and allows for oversight by independent directors and the supervisory board [11]. Impact on Daily Operations - The cash management strategy is designed to enhance fund efficiency without altering the intended use of raised funds, ensuring that the company's core operations and project timelines remain unaffected [12].