WPG(SH:603956) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-11-08 00:26Core Viewpoint - The company has approved the use of temporarily idle raised funds for cash management, aiming to enhance fund utilization efficiency and increase returns for the company and its shareholders while ensuring the safety of the raised funds [2][3][11]. Cash Management Overview - The purpose of cash management is to improve fund utilization efficiency and reasonably use idle raised funds without affecting the normal implementation of fundraising projects [3]. - The total amount for this cash management is RMB 11,000.00 million [4]. - The source of funds for this cash management is temporarily idle funds from the company's non-public stock issuance [5][6]. Fundraising Situation - The company raised a total of RMB 96,989.99 million through a non-public issuance of 8,247.45 million shares at a price of RMB 11.76 per share, with a net amount of RMB 95,904.25 million after deducting issuance costs [6]. - The funds were deposited in a special account, and a tripartite supervision agreement was signed with the sponsor and the bank [6]. Investment Products and Risk Management - The cash management will involve purchasing high-safety, liquid, and principal-protected financial products, including but not limited to bank wealth management products and broker financial products [2][10]. - The company will maintain close contact with the trustee during the investment period to monitor fund operations and strengthen risk control [9]. Impact on the Company - The cash management is expected to enhance the efficiency of the raised funds and increase returns for the company and shareholders without significantly impacting the company's main business, financial status, operating results, or cash flow [11]. - The company's recent major financial indicators are documented, and cash management will be recorded as "trading financial assets" on the balance sheet, with returns recognized in the profit statement as "investment income" [11].