Core Viewpoint - The company plans to utilize temporarily idle raised funds for cash management, specifically investing in high-safety, liquid deposit-type products, with a maximum investment amount of RMB 300 million to enhance fund efficiency and returns for the company and its shareholders [2][3][9]. Investment Overview - Investment Purpose: The company aims to improve fund utilization efficiency while ensuring that the investment does not affect the construction of projects funded by the raised capital [3]. - Investment Amount: The company intends to use up to RMB 300 million of temporarily idle raised funds for cash management within 12 months from the board's approval, allowing for rolling use of funds [3]. - Source of Funds: The funds for this cash management initiative come from the company's initial public offering (IPO) of shares, which raised a net amount of RMB 587.32 million after deducting issuance costs [4]. Investment Method - The board has authorized the management to handle the purchase of high-safety, liquid deposit-type products, with the finance department responsible for implementation [6]. Review Procedures - The company has completed necessary review procedures, including meetings of the audit committee and board, to approve the cash management proposal, which does not require shareholder meeting approval [2][10]. Impact on the Company - The planned cash management of temporarily idle raised funds is designed to ensure that it does not interfere with the normal use of raised funds for project construction, while also generating investment returns that could enhance overall company performance [9]. Opinions of Intermediary Institutions - The joint sponsor institutions have confirmed that the cash management initiative has followed the required approval processes and complies with relevant regulations, ensuring that there is no change in the intended use of raised funds [10][11].
湖南湘投金天钛业科技股份有限公司关于使用闲置募集资金进行现金管理的公告