KCT(SZ:002625) Shang Hai Zheng Quan Bao·2025-12-03 19:15Core Viewpoint - The company has decided to continue using part of its idle raised funds for cash management, with a maximum amount of RMB 3 billion, to enhance the efficiency of fund utilization while ensuring that it does not affect the construction of investment projects [2][19][22]. Group 1: Board Meeting and Resolutions - The company's fifth board meeting was held on December 3, 2025, with all seven directors present, complying with relevant laws and regulations [2]. - The board approved the proposal to continue using idle raised funds for cash management with a unanimous vote of 7 in favor [2][19]. - The board also approved the reappointment of Zhengdan Zhiyuan (Shenzhen) Accounting Firm as the company's auditor for the year 2025, with an expected audit fee not exceeding RMB 2.2 million, which is a change of no more than 20% from the previous year [5][33]. - A proposal to convene the sixth extraordinary general meeting of shareholders on December 19, 2025, was also approved [7]. Group 2: Fund Management and Usage - The company plans to use up to RMB 3 billion of idle raised funds for cash management, which can be rolled over within a 12-month period from the date of shareholder approval [2][19][22]. - The cash management will involve low-risk investment products such as structured deposits and large certificates of deposit, ensuring high safety and liquidity [17]. - As of September 30, 2025, the company has utilized RMB 4.517 billion of the raised funds, with specific allocations to various projects [14]. Group 3: Reasons for Idle Funds - The company has identified reasons for the temporary idleness of some raised funds, including phased funding due to project implementation and delays in the delivery of rental properties for the R&D center project [15][16]. Group 4: Impact on the Company - The decision to manage idle funds is expected to improve fund utilization efficiency, reduce financial costs, and generate investment returns, aligning with the interests of the company and its shareholders [19][23].