Core Viewpoint - The company plans to utilize up to RMB 1.1 billion of temporarily idle raised funds for cash management, focusing on low-risk, high-liquidity principal-protected products to enhance fund efficiency and maximize shareholder value [1][3]. Fundraising Overview - The company raised a total of RMB 1,173.62 million through a specific issuance of A-shares in 2024, with a net amount of RMB 1,159.88 million after deducting related fees [2]. Cash Management Details - The purpose of cash management is to improve the efficiency of raised fund usage while ensuring the safety of the funds and not affecting project construction [3]. - The company will invest in low-risk, high-liquidity products such as principal-protected wealth management products, structured deposits, and time deposits, with a maximum investment period of one year [3]. - The cash management plan is authorized for 12 months from the board's approval, allowing for rolling use of funds within the specified limit [3]. Impact on Daily Operations - The cash management strategy will not interfere with the ongoing projects funded by the raised capital, ensuring that the company's operations and shareholder interests are protected [4]. - The management of idle funds is expected to enhance cash asset returns and improve overall fund efficiency [4]. Risk Management - Although the company is investing in low-risk products, it acknowledges potential market volatility due to macroeconomic factors [4]. - The company has established strict compliance measures and oversight mechanisms to manage cash effectively and mitigate risks [4]. Supervisory Opinions - The supervisory board and the sponsor institution both agree that the cash management plan will not adversely affect the company's fundraising projects and is in line with legal regulations [5].

Core Viewpoint - The company plans to increase the use of idle self-owned funds for cash management to a total of no more than 1.1 billion yuan, aiming to enhance fund utilization efficiency and provide better returns for shareholders [1][2]. Cash Management Details - Purpose: To improve fund utilization efficiency and achieve capital preservation and appreciation without affecting normal operations, thereby safeguarding shareholder interests [2]. - Amount and Duration: The company intends to increase the total amount for cash management by no more than 300 million yuan, bringing the total to no more than 1.1 billion yuan. The funds can be used on a rolling basis from the date of approval until the next annual shareholders' meeting in 2025 [2]. - Investment Types: The funds will primarily be invested in bank wealth management products, brokerage wealth management products, and trust products that are low-risk and highly liquid, excluding investments in stocks, securities investment funds, and derivatives [2]. - Source of Funds: The funds are sourced from idle self-owned funds, which are legal and compliant [2]. - Approval Process: The proposal has been approved by the board and the audit committee, pending final approval from the shareholders' meeting [2]. Risk Management and Control Measures - Risks: The financial market is significantly influenced by macroeconomic factors, and investments may be affected by market volatility. There are also operational and monitoring risks [3]. - Control Measures: The company will adhere to prudent investment principles, select safe and liquid products, and ensure that products are not used for pledging. The finance department will conduct timely analysis and tracking, while the internal audit department will perform supervision and annual checks [3]. Impact on the Company - The cash management will only utilize idle self-owned funds, with controllable risks and high liquidity investment products. This strategy is expected to enhance fund utilization efficiency and returns without impacting daily operations, ultimately benefiting shareholders [4]. - Review Status: The proposal was unanimously approved by the board and the audit committee, confirming its compliance with regulations and its potential to improve the efficiency of idle fund usage without harming shareholder interests [4].

Core Viewpoint - The company plans to utilize up to 200 million yuan of temporarily idle raised funds for cash management, ensuring that this will not affect the progress of investment projects or normal operations [1] Group 1 - The board and supervisory board will convene on August 28, 2025, to review the cash management proposal [1] - The investment will focus on high safety and liquidity products that meet capital preservation requirements, including but not limited to principal-protected financial products, structured deposits, and reverse repos of government bonds [1] - The cash management will have a validity period of 12 months, with funds being able to be rolled over within the specified limit [1]

Core Insights - The upcoming National Day and Mid-Autumn Festival holidays will see the stock market closed from October 1 to October 8, with trading resuming on October 9, creating a potential opportunity for investors to utilize idle funds during the break [1] Group 1: Government Bond Reverse Repos - Government bond reverse repos are highlighted as a low-risk, low-fee short-term investment option, allowing investors to earn interest by lending money secured by government bonds [2][4] - On September 29, investors can engage in 1-day reverse repos to earn interest for 9 days, with funds available on September 30 and withdrawable on October 9 [2][3] - The interest calculation for reverse repos is based on the actual days the funds are occupied, emphasizing the importance of timing for maximizing returns [3][4] Group 2: Investment Strategies - Combining government bond reverse repos with bond ETFs can enhance capital efficiency, allowing investors to leverage the funds from reverse repos to purchase bond ETFs, thus achieving dual investment benefits [5] - The strategy involves purchasing a 1-day reverse repo on September 29, which matures on September 30, and then using the available funds to buy bond ETFs, benefiting from both holiday interest and potential market gains [5]

Core Viewpoint - The company has approved the use of temporarily idle raised funds for cash management, allowing for an investment of up to 300 million yuan, with a management period not exceeding 12 months [1] Group 1: Cash Management Approval - The company convened its board and supervisory meetings on April 22, 2025, to approve the cash management proposal [1] - The approved amount for cash management is capped at 300 million yuan [1] Group 2: Cash Management Activities - In June 2025, the company utilized 282.79 million yuan of idle raised funds for cash management, with 210 million yuan in combination deposits and 72.79 million yuan in agreed deposits [1] - On September 25, 2025, the company redeemed the 210 million yuan combination deposit early to support the hydrogen equipment project [2] Group 3: Financial Status - As of the announcement date, all principal and earnings from the cash management products that have matured or been redeemed early have been recovered as scheduled [3] - The remaining amount in cash management products totals 72.79 million yuan, which is within the board's authorized limit [3]

Core Viewpoint - The company has approved the use of temporarily idle raised funds and self-owned funds for cash management, with a total limit of up to 57.2 million yuan (12.2 million yuan in raised funds and 45 million yuan in self-owned funds) for a period of 12 months [1] Group 1: Cash Management Overview - The company has recently redeemed financial products purchased with idle raised and self-owned funds to improve fund utilization efficiency [1] - The cash management plan allows for the rolling use of funds within the approved limits [1] Group 2: Risk and Control Measures - The cash management products are subject to systemic risks influenced by macroeconomic policies and regulations [2] - The company will implement strict investment principles, selecting high-security and high-liquidity cash management products [4] - Regular analysis and tracking of product net value changes will be conducted to mitigate risks [4] - The audit department will oversee the use and custody of cash management funds, ensuring compliance with prudent investment principles [4] Group 3: Impact on Daily Operations - The reasonable use of idle funds for cash management will not affect the construction of fundraising projects or the normal operation of the main business, while enhancing fund efficiency and returns for the company and shareholders [6]

Core Points - The company held its third meeting of the fourth board of directors on September 26, 2025, with all nine directors present, ensuring compliance with legal regulations and company bylaws [1] - The board approved a proposal to use up to 200 million yuan of idle raised funds for cash management and up to 150 million yuan of idle self-owned funds for entrusted wealth management, aiming to enhance fund utilization efficiency while ensuring normal operations [1][2] - The proposal received unanimous support from the board, with no votes against or abstentions, and was reviewed by the audit committee [1] Financial Management Strategy - The company aims to improve fund utilization efficiency and create more value for shareholders through cash management and entrusted wealth management [2] - The management authorization period for these financial activities is valid for 12 months from the date of the board's approval [1]

Core Viewpoint - The company Tianyi New Materials (688033) has approved the use of temporarily idle raised funds for cash management, not exceeding RMB 500 million, to enhance the efficiency of fund usage and increase returns for the company and its shareholders [1][2]. Fundraising Overview - The company raised a total of RMB 9.753156 billion from its initial public offering (IPO), with a net amount of RMB 8.6781285652 billion after deducting issuance costs, all received by July 18, 2019 [1]. - Additionally, the company raised RMB 23.1904159448 billion through a private placement, with a net amount of RMB 22.9658684624 billion after related expenses, all received by September 30, 2022 [1]. Cash Management Details - The purpose of cash management is to improve the efficiency of raised fund usage and increase returns while ensuring the safety of funds and not affecting project construction [2]. - The company plans to invest in low-risk financial products such as structured deposits, notice deposits, time deposits, large certificates of deposit, and securities company income certificates, with a maximum investment period of 12 months [2]. - The investment decision authority is delegated to the chairman of the board, with the finance department responsible for implementation [2]. Operational Impact and Risk Control - The cash management will not affect the normal operation of fundraising projects and will potentially enhance overall performance by generating investment income [3]. - The company has implemented several risk control measures, including board authorization for decision-making, tracking by the finance department, and oversight by the internal audit department and independent directors [3]. Approval and Oversight - The supervisory board and the sponsor, CITIC Securities, have expressed their agreement with the company's decision to use temporarily idle raised funds for cash management [4].

Core Viewpoint - *ST Kaixin announced the approval of a proposal to use up to 130 million yuan of its own funds and up to 180 million yuan of temporarily idle raised funds for cash management [1] Group 1: Financial Management - The funds will primarily be used for short-term financial products with high safety and liquidity, such as large bank deposits and structured deposits [1] - The effective period for these investments is within 12 months, and the funds can be rolled over within the approved limits [1] Group 2: Market Considerations - The company will engage in these investments based on economic conditions and changes in the financial market, but acknowledges that market fluctuations may impact these investments [1] - It is emphasized that these investment activities must not affect the progress of fundraising projects and the company's normal production and operations [1]

Core Viewpoint - The company has approved the use of idle raised funds and self-owned funds for cash management, ensuring that it does not affect normal operations and investment projects, while effectively controlling risks [3][12][23]. Group 1: Board Meeting Details - The third board meeting was held on September 25, 2025, with all seven directors present, and it complied with relevant laws and regulations [2][3]. - The meeting was convened by Chairman Zhang Wei and included participation from senior management [2]. Group 2: Cash Management Proposal - The board approved a proposal to use up to 200 million yuan of idle raised funds and up to 300 million yuan of self-owned funds for cash management, with a maximum investment period of 12 months [3][12][23]. - The cash management will involve high-security, high-liquidity investment products, and the funds can be rolled over within the approved limits [3][17]. Group 3: Fundraising and Investment Projects - The company raised a total of 803.4 million yuan from the public offering of 30 million shares, with a net amount of 698.35 million yuan after deducting issuance costs [12][13]. - As of August 31, 2025, the company had an unused balance of 482.33 million yuan from the raised funds, which are temporarily idle due to project construction timelines [13][14]. Group 4: Risk Control Measures - The company will select qualified financial institutions for cash management and will sign contracts to clarify rights and responsibilities [21]. - Regular audits and checks will be conducted to ensure compliance and control risks associated with cash management [21][22]. Group 5: Approval and Oversight - The proposal was reviewed and approved by the board's audit committee, confirming compliance with regulatory requirements [22][24]. - The sponsor institution has also provided a verification opinion, indicating no issues with the cash management plan [24][25].