Hsino Tower (SH:601096) Shang Hai Zheng Quan Bao·2026-02-06 19:39Core Viewpoint - The company plans to use part of its idle raised funds for cash management by investing in high-security, liquid large-denomination certificates of deposit (CDs) to improve fund efficiency and maximize shareholder returns [2][3][13]. Investment Overview - Investment Purpose: The company aims to enhance the efficiency and effectiveness of raised funds while ensuring that the investment does not affect the construction of projects funded by these funds [3]. - Investment Amount: The company intends to use up to RMB 31,000.00 million for cash management, with a maximum investment period of 12 months, starting from the expiration of the previous authorization on April 9, 2026 [4][7]. - Source of Funds: The cash management will be sourced from temporarily idle raised funds [5]. Approval Process - Board Meeting: The company held its 18th meeting of the second board on February 5, 2026, where the proposal for cash management was approved without needing to be submitted to the shareholders' meeting [9]. - Audit Committee Review: Prior to the board meeting, the proposal was reviewed and approved by the company's audit committee [10]. Risk Management - Investment Risk: The investment in large-denomination CDs is considered low-risk; however, market fluctuations may impact expected returns [11]. - Internal Control Measures: The company prioritizes risk prevention, maintaining communication with banks during the investment period, and implementing strict controls to ensure fund safety [12]. Impact on the Company - The use of idle raised funds for purchasing large-denomination CDs will not affect the progress of funded projects or significantly impact the company's future business development, financial status, or cash flow [13].