Core Viewpoint - The company plans to manage part of its temporarily idle raised funds through cash management to improve fund utilization efficiency and increase investment returns [3][11]. Group 1: Cash Management Overview - The company has allocated 40 million yuan of temporarily idle raised funds for cash management, specifically investing in bank financial products [1]. - The funds were previously used to purchase a seven-day notice deposit from Bank of China, yielding a return of 0.79 million yuan, which has been returned to the designated account [2]. Group 2: Investment Purpose and Source - The purpose of the cash management is to enhance the efficiency of fund usage without affecting the construction of investment projects and normal operations [3]. - The source of funds for this cash management is part of the temporarily idle raised funds [4]. Group 3: Cash Management Product Details - The cash management products are characterized by high safety, good liquidity, and a maximum term of 12 months, with a capital protection agreement [7]. Group 4: Risk Control Measures - The company has established a separation of decision-making, execution, and supervision roles to ensure the safety of the funds used for financial products [8]. - The company will adhere to prudent investment principles and select reputable issuers for investment products [8]. - The finance department will monitor the investment products and take necessary measures if risks are identified [9]. Group 5: Impact on the Company - The use of temporarily idle raised funds for cash management will not affect the implementation of investment projects or the normal operation of the company's main business, while also improving fund efficiency [11]. Group 6: Approval Procedures - The company has held board and supervisory meetings to approve the use of up to 520 million yuan and 490 million yuan of temporarily idle raised funds for cash management in two separate resolutions [12].
江苏恒兴新材料科技股份有限公司关于部分闲置募集资金现金管理赎回并继续进行现金管理的公告