Core Viewpoint - The company, China Ruilin Engineering Technology Co., Ltd., has approved the use of up to RMB 532 million of idle raised funds for cash management, focusing on low-risk, high-liquidity financial products to enhance fund efficiency and shareholder value [1][3][12]. Investment Overview - The purpose of using idle raised funds is to ensure that it does not affect the construction of investment projects, change the intended use of the raised funds, or impact the company's normal operations while effectively controlling risks [3]. - The total amount allocated for cash management is RMB 230 million [4]. - The source of funds for this cash management comes from temporarily idle raised funds, including oversubscription funds [4]. Fund Management and Usage - The company has established a dedicated settlement account for cash management at Bank of China, Jiangxi Branch, ensuring that the funds are used solely for cash management purposes [6]. - As of May 29, 2025, the company has redeemed RMB 80 million from a large deposit and RMB 150 million from a combination deposit, with all principal and earnings returned to the dedicated account [7]. Approval Process - The proposal for cash management was approved during the third board meeting and the fourth supervisory meeting held on April 22, 2025, and subsequently ratified by the annual general meeting [5][8]. Impact on the Company - The cash management initiative is expected to improve cash efficiency and increase company earnings without compromising the normal use of raised funds or daily operations [12].
中国瑞林工程技术股份有限公司关于使用部分闲置募集资金进行现金管理的进展公告