Thinkon Semi(SH:688233) Xin Lang Cai Jing·2025-10-24 13:52Core Viewpoint - Jinzhou Shengong Semiconductor Co., Ltd. has announced the approval of a plan to manage temporarily idle raised funds, allowing for a maximum balance of up to 110 million yuan for cash management, focusing on high-security, capital-preserving, and liquid financial products [1][3]. Fundraising Background - The company completed a private placement of shares in September 2023, raising approximately 300 million yuan, with a net amount of about 296 million yuan after deducting issuance costs. The funds are primarily allocated for the expansion of silicon materials for integrated circuit etching equipment and to supplement working capital [2]. Cash Management Specifics - The cash management will prioritize safety, capital preservation, and liquidity, with investment options including structured deposits, notice deposits, time deposits, and large certificates of deposit. The maximum investment amount is set at 110 million yuan, with a rolling usage period of 12 months from the board's approval date [3]. Risk Control and Market Impact - The company has established a comprehensive risk control mechanism, adhering to relevant regulations and ensuring that the cash management will not affect the normal progress of the fundraising projects. The aim is to enhance investment returns while controlling risks, ultimately benefiting shareholders [4]. Sponsor Institution's Statement - The sponsor institution, Guotai Junan Securities, confirmed that the cash management of idle raised funds has followed necessary review procedures and complies with regulations, effectively improving fund utilization efficiency without altering the intended use of the raised funds [5]. Disclosure Commitment - The company has committed to timely information disclosure to ensure that the management of raised funds is conducted in a standardized and transparent manner [6].