HXG(SH:603112) Shang Hai Zheng Quan Bao·2025-12-04 20:16Core Viewpoint - The company, Shanxi Huaxiang Group Co., Ltd., has decided to continue using part of its idle raised funds for cash management, with an amount not exceeding RMB 55 million, to enhance fund efficiency and returns for shareholders [3][12][25]. Group 1: Board Meeting Details - The third session of the board's thirty-fifth meeting was held on December 4, 2025, with all nine directors present, ensuring compliance with relevant laws and regulations [2][4]. - The meeting approved the proposal to continue using idle raised funds for cash management [3][7]. Group 2: Cash Management Proposal - The company plans to utilize up to RMB 55 million of temporarily idle convertible bond funds for cash management, with a management period of 12 months from the approval date [3][12][18]. - The cash management products will be high-security, liquid, and with capital protection agreements, and the investment period will not exceed 12 months [12][18]. Group 3: Previous Fund Usage - The company previously approved the use of up to RMB 20 million of idle raised funds for cash management in December 2024, which is now nearing expiration [15][16]. Group 4: Financial Oversight and Compliance - The proposal does not require shareholder approval and has received a clear agreement from the sponsor, Guotai Junan Securities Co., Ltd., confirming compliance with regulations [5][6][25]. - The company will adhere to strict regulations regarding the management of raised funds and will disclose progress in accordance with relevant laws [21][25].