JingPinTeZhuang(SH:688084) Shang Hai Zheng Quan Bao·2025-11-17 19:09Core Viewpoint - The company plans to utilize idle raised funds for cash management, aiming to enhance the efficiency of fund usage and maximize shareholder returns while ensuring the safety of the funds [2][3][16]. Investment Overview - Investment Purpose: To improve the efficiency of raised funds and increase cash asset returns without affecting the normal implementation of investment projects [3]. - Investment Amount: The company intends to use up to RMB 600 million (including principal) of idle raised funds for cash management within 12 months from the board meeting approval [4][11]. - Source of Funds: The funds for cash management will come from temporarily idle raised funds from the company's initial public offering [5]. Investment Products - Types of Investments: The company will invest in high-security, liquid financial products, including but not limited to agreement deposits, structured deposits, time deposits, notice deposits, and large-denomination certificates of deposit [2][9]. - Implementation Method: After board approval, the management is authorized to make decisions regarding the selection of investment products and sign relevant legal documents [9]. Cash Management and Returns - Return Distribution: The income from cash management will be used primarily to cover any shortfall in investment amounts for projects and for the company's operational liquidity needs [9][16]. - Recent Cash Management: In the past 12 months, the company has also approved the use of up to RMB 650 million for cash management, indicating a consistent strategy to manage idle funds [10][11]. Risk Control Measures - Risk Management: The company will adhere to strict regulations and guidelines to ensure the safety of funds, including selecting reputable issuers and monitoring investment performance [15]. - Supervision: Independent directors and the audit committee will oversee the use of funds, with the option to hire professional auditors if necessary [15]. Impact on the Company - Operational Impact: The cash management initiative will not affect the company's daily operations or the progress of investment projects, aiming to enhance fund efficiency and shareholder returns [16][17]. - Regulatory Compliance: The cash management activities comply with relevant laws and regulations, ensuring no change in the intended use of raised funds [17][18].