PAIKE(SH:605123) Shang Hai Zheng Quan Bao·2025-11-19 18:20Core Viewpoint - The company has approved the use of temporarily idle raised funds for cash management, with a maximum limit of 400 million RMB, to enhance fund utilization efficiency and increase returns for the company and its shareholders [2][6]. Summary by Sections Cash Management Overview - The purpose of cash management is to ensure the safety of raised funds while improving the efficiency of temporarily idle funds and increasing company returns [3]. - The total investment amount for cash management is 130 million RMB [3]. Source of Funds - The funds used for this cash management initiative are temporarily idle raised funds [4]. Basic Situation of Raised Funds - The company raised a net amount of 1,582.94 million RMB through a non-public offering of 13,170,892 shares at a price of 121.48 RMB per share [5]. Investment Method - The investment type is structured deposits, which are considered low-risk and have good liquidity [6]. Risk Control Analysis - The purchased financial products are high-security, low-risk structured deposits, but they may still be affected by market fluctuations due to macroeconomic factors [6]. - The company will maintain close contact with the trustee to monitor the operation of the investment funds and strengthen risk control [7]. Internal Control of Cash Management Risks - The company will adhere to prudent investment principles and select capital-protected investment products [7]. - The management must obtain approval from the chairman for specific implementations, and the finance department will be responsible for organizing the investments [7]. - The internal audit department will supervise the use of funds on a daily basis [8]. Impact on the Company - As of September 30, 2025, the company's cash funds amounted to approximately 2.19 billion RMB, with the investment in bank financial products accounting for 5.95% of the total cash funds [9]. - The investment will not affect the implementation of raised fund investment projects or the development of the main business, thereby enhancing the efficiency of fund utilization and providing better returns for shareholders [9].