Core Viewpoint - The company has approved the use of idle raised funds for cash management, ensuring that it does not affect the normal use of the raised funds for investment projects [1][5]. Summary by Sections Idle Fund Management Overview - The company plans to use up to 500 million RMB of idle raised funds for cash management, with the investment period valid for 12 months from the board's approval [1]. Investment Risk and Control Measures - The company adheres to prudent investment principles, purchasing high-security, liquid, and principal-protected bank financial products [2]. - A ledger is established to manage investment products, allowing for timely analysis and tracking of the investment direction and project progress [2]. - Independent directors have the authority to supervise the use of raised funds and may hire professional institutions for audits if necessary [3]. - The company will fulfill disclosure obligations in accordance with the regulations of the Shenzhen Stock Exchange [4]. Impact on Company Operations - The use of idle raised funds for cash management will not affect the construction of investment projects or the normal operation of daily business, while also improving fund utilization efficiency and generating returns for shareholders [5]. Previous Use of Idle Raised Funds - As of the announcement date, the company has invested a total of 470 million RMB in cash management products that have not yet matured [6].
广东光华科技股份有限公司关于闲置募集资金购买现金管理产品到期收回并再次进行现金管理的进展公告