C&S(SZ:002511) Xin Lang Zheng Quan·2025-10-27 09:32Core Viewpoint - Zhongshun Jierou Paper Co., Ltd. plans to invest up to 150 million RMB of idle funds in government bond reverse repos in 2026 to enhance the efficiency of idle fund usage and generate more returns for shareholders [1][2][3] Investment Plan - The investment will focus on short-term government bond reverse repos, with a maximum amount of 150 million RMB that can be rolled over within 12 months from the board's approval date [2] - The funds for this investment will come from the company's temporarily idle self-owned funds, ensuring compliance with legal and regulatory requirements [2] Investment Purpose - The primary goal of this investment is to improve the efficiency of idle self-owned funds without affecting the company's normal operations [3] - Government bond reverse repos are characterized by high safety (secured), short and flexible periods (up to 182 days), and relatively high returns compared to demand deposits, thus optimizing the asset structure and providing better returns for shareholders [3] Review Process - The board of directors and the supervisory board have approved the investment plan, which does not require submission to the shareholders' meeting and does not constitute a related party transaction [4] Risk and Control - The company acknowledges market and interest rate risks but emphasizes that the use of standard collateralized reverse repos minimizes performance risk [5] - Strict adherence to regulations and internal controls will be maintained, with independent directors having the authority to supervise fund usage [5] Impact on the Company - The investment will not affect the company's daily operational funding needs, as the company is currently in a stable financial position [6] - Accounting treatment for the reverse repo investments will follow relevant accounting standards, with final results subject to annual audit confirmation [6] Supervisory Board Opinion - The supervisory board supports the investment, stating it will enhance fund usage efficiency and increase returns without negatively impacting the company's operations or harming shareholder interests, particularly those of minority shareholders [7]