XHW(SH:603888) Shang Hai Zheng Quan Bao·2025-10-27 22:50Core Viewpoint - The company has approved the use of idle funds for cash management, aiming to enhance the efficiency of fund utilization while ensuring that it does not affect ongoing projects or operations [8][21][38]. Financial Data - The company plans to invest up to RMB 70 million in high-safety, liquid, and principal-protected financial products, with a maximum investment period of 12 months [8][21][36]. - The company also approved the use of up to RMB 80 million of idle self-owned funds for similar investments, with the same conditions regarding safety and liquidity [21][38]. Investment Purpose - The objective of the investment is to improve the efficiency of idle funds and strengthen daily fund management without impacting the company's normal operations [9][23]. Investment Details - The investment will be made in structured deposits and large certificates of deposit, which are considered safe and liquid [8][21]. - The decision is valid for 12 months from the date of board approval, allowing for rolling use of funds within the specified limits [13][26]. Risk Management - The company has established a robust approval and execution process to ensure the safety of the funds used for cash management [16][29]. - Independent directors have the authority to supervise and inspect the use of funds, and professional institutions may be engaged for audits if necessary [16][29]. Impact on Company - The use of idle funds for cash management is expected to yield certain investment returns without significantly affecting the company's main business, financial status, or cash flow [18][19]. - The company assures that this action will not alter the intended use of raised funds or harm the interests of shareholders, particularly minority shareholders [19][18].