Aohong Electronics(SH:605058) Shang Hai Zheng Quan Bao·2025-12-25 18:42Core Viewpoint - The company, Changzhou Aohong Electronics Co., Ltd., has announced the use of idle raised funds for cash management, specifically investing in low-risk financial products to enhance fund utilization efficiency and increase returns for shareholders [2][3]. Investment Overview - Investment Purpose: The aim is to improve the efficiency of raised funds, utilize idle funds reasonably, and increase returns for shareholders without affecting normal operations and project construction [3]. - Investment Amount: A total of RMB 35,140 million will be used for cash management [3]. - Funding Source: The funds are sourced from temporarily idle raised funds from the issuance of convertible bonds in 2025 [4]. Fundraising Details - Bond Issuance: The company issued 5.8 million convertible bonds at a price of RMB 100 each, raising a total of RMB 58,000 million. After deducting fees, the net amount received was RMB 57,540 million [5]. - Use of Funds: The funds raised will be used in accordance with the investment projects and plans disclosed in the bond issuance prospectus [6]. Approval Process - The board of directors approved the cash management proposal on December 23, 2025, allowing the use of up to RMB 45,000 million of idle funds for cash management within a 12-month period [2][6]. Risk Control Measures - The company will adhere to strict regulations and guidelines for cash management, ensuring the safety of funds and compliance with relevant laws [7]. - A separation of decision-making, execution, and supervision will be established to manage cash investments effectively [8]. - The audit committee will oversee the use of funds to prevent any misuse or impact on investment projects [9]. Impact on the Company - The cash management initiative will not adversely affect the normal operations or project implementation of the company, while also providing potential investment returns for shareholders [9].