Daimay(SH:603730) Shang Hai Zheng Quan Bao·2025-11-04 19:47Core Viewpoint - The company has established a dedicated settlement account for cash management of idle raised funds, aiming to enhance the efficiency of fund utilization while ensuring the normal progress of investment projects [3][4][12]. Group 1: Establishment of Settlement Account - The company has opened a dedicated settlement account for cash management at Industrial Bank Co., Ltd. [3] - This account will exclusively be used for the settlement of temporarily idle raised funds for purchasing financial products, ensuring no non-raised funds are stored [3]. Group 2: Cash Management Overview - The purpose of cash management is to improve the efficiency of raised fund utilization without affecting the construction progress of investment projects [4]. - The funds used for cash management are temporarily idle raised funds [5]. Group 3: Fundraising and Usage - The company has been approved to issue convertible bonds, raising a total of 907.939 million shares with a total fundraising amount of 907.939 million RMB, after deducting issuance costs [6][8]. - All raised funds are stored in a dedicated account managed under a tripartite supervision agreement [8]. Group 4: Approval Process - The board of directors and the supervisory board have approved the use of up to 40 million RMB of idle raised funds for cash management, with a validity period of 12 months [9]. Group 5: Cash Management Specifics - The company will select low-risk, capital-preserving financial products for cash management, with a focus on liquidity and safety [10][11]. - The finance department will monitor the net value changes of the products and take necessary measures to control investment risks [11]. Group 6: Impact on the Company - The cash management of idle raised funds will not affect the normal construction of investment projects or the normal use of raised funds, and it aims to increase returns for the company and its shareholders [12].