CFT(SH:603685) Shang Hai Zheng Quan Bao·2026-02-13 17:27Core Viewpoint - The company, Zhejiang Chenfeng Technology Co., Ltd., has announced the use of idle raised funds for cash management, specifically through structured deposits, to enhance fund efficiency and returns while ensuring the safety of the raised funds [2][3][8]. Investment Overview - Investment Purpose: The company aims to improve fund utilization efficiency and returns by using idle raised funds for cash management without affecting daily operations and ensuring the safety of the raised funds [3]. - Investment Amount: The cash management amount is set at RMB 150 million [3]. - Source of Funds: The raised funds were obtained through a specific stock issuance, totaling RMB 429.53 million, with a net amount of RMB 418.91 million after deducting issuance costs [4]. - Investment Method: The company plans to invest in structured deposits with a risk level classified as PR1 (cautious) [4]. Recent Cash Management Situation - The structured deposit is set to mature on February 13, 2026, and since it is a principal-protected floating interest rate type, the investment returns are currently uncertain [5]. Review Procedures and Sponsor Opinions - On December 29, 2025, the company’s board approved the cash management proposal, allowing the use of up to RMB 418.91 million in idle funds for cash management, with the option for rolling use within one year [6]. Investment Impact on the Company - The use of idle raised funds for cash management will not significantly impact the company's future main business, financial status, operating results, or cash flow, and is expected to enhance fund efficiency, benefiting all shareholders [8]. - According to accounting standards, the cash management or entrusted financial management principal will be recorded under "trading financial assets," and interest income will be recorded under "investment income" in the profit statement [8].