Shanghai Bloom Technology (SH:603325) Shang Hai Zheng Quan Bao·2026-02-05 18:46Core Viewpoint - The company has approved the use of idle raised funds for cash management to enhance the efficiency of fund utilization while ensuring the safety of the funds and the normal operation of fundraising projects [1][4]. Group 1: Cash Management Approval - The company’s board approved the use of up to RMB 5 billion of temporarily idle raised funds for cash management, allowing for the purchase of safe and liquid principal-protected products, with a usage period from February 7, 2025, to February 6, 2026 [1]. - A separate approval was granted for the use of up to RMB 4.5 billion for similar cash management purposes, with the same conditions regarding safety and liquidity [4]. Group 2: Redemption of Financial Products - As of February 4, 2026, the company redeemed several financial products purchased in 2025, including income certificates and structured deposits, returning the funds to the dedicated fundraising account [2]. Group 3: Establishment of Dedicated Account - The company has opened a dedicated settlement account for cash management of raised funds, which will only be used for purchasing cash management products and not for any other purposes [3]. Group 4: Risk Control Measures - The company has implemented strict risk control measures to ensure that investment products do not alter the intended use of raised funds and to safeguard the normal operation of fundraising projects [5]. - The finance department will monitor market conditions and assess potential risks, while the internal audit department will conduct quarterly checks on investment projects [5]. Group 5: Impact on Operations - The management of idle raised funds is designed to improve fund utilization efficiency and increase returns, aligning with the interests of the company and its shareholders [6].