Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2026-01-17 02:11Core Viewpoint - The company has approved the use of up to RMB 2 billion of idle funds from a private placement for cash management, focusing on low-risk, high-liquidity financial products [1] Group 1: Cash Management Approval - The company held its 34th (temporary) meeting of the 4th Board of Directors and the 29th (temporary) meeting of the 4th Supervisory Board on January 20, 2025, to approve the cash management proposal [1] - The approved cash management will be valid for 12 months from the date of the board's approval [1] - The funds can be used in a rolling manner, ensuring the safety and proper use of the raised funds [1] Group 2: Redemption of Cash Management Products - The company redeemed structured deposit products from Industrial Bank and Bank of Communications on September 17, 2025, and December 16, 2025, respectively, receiving a total of RMB 2,005.66 million (after fees) [2] - The principal and earnings from the redeemed products have been transferred to the company's dedicated fundraising account [2] Group 3: Overall Status of Cash Management - As of the announcement date, the balance of idle funds used for cash management is RMB 0 [3] - The highest daily balance and usage period of the idle funds have not exceeded the authorized limits set by the Board of Directors [3] - There are no overdue amounts related to the cash management products purchased with the idle funds [3]