Core Viewpoint - Anhui Qiangbang New Materials Co., Ltd. has approved the use of up to RMB 230 million of temporarily idle raised funds for cash management, ensuring it does not affect the construction of investment projects or normal operations [1] Group 1: Fund Management - The company will use the idle funds for cash management for a period of 12 months from the date of approval [1] - The funds can be used in a rolling manner within the approved limit and timeframe [1] - The company has previously redeemed some financial products purchased with idle funds and will continue to invest in financial products [1] Group 2: Financial Products - The company has invested in structured deposit products with various banks, including: - China Bank's structured deposit product with an expected annualized return of 2.18% [4] - China Merchants Bank's structured deposit product with an expected annualized return of 1.95% [4] - The company has a range of financial products with varying returns, including some with returns as low as 0.2% [5] Group 3: Operational Impact - The use of idle funds for cash management is expected to enhance the efficiency of fund utilization and generate investment returns for the company and its shareholders [2] - The company emphasizes that this strategy will not impact the normal operation of the company or the progress of investment projects [2]

Core Viewpoint - The company is utilizing idle raised funds for cash management by investing in principal-protected floating income products, aiming to enhance the value of the raised funds and increase company revenue while ensuring that it does not affect the normal operations and investment projects of the company [1][3][14] Summary by Relevant Sections Cash Management Purpose - The cash management is intended to ensure the preservation and appreciation of raised funds, thereby increasing company revenue and protecting the interests of all shareholders [3][14] Cash Management Amount - The company plans to invest a total of 350 million yuan in principal-protected floating income products [3][14] Fund Source - The net amount raised from the initial public offering was 841.63 million yuan after deducting issuance costs, with a dedicated account established for managing these funds [3][14] Investment Products Overview - The company has purchased principal-protected floating income products with a total investment of 369 million yuan, yielding a total return of approximately 1.62 million yuan [2][3] Risk Control Measures - The company will implement strict internal controls and monitoring mechanisms to manage investment risks, including regular reporting to the board and oversight by independent directors and the supervisory board [6][13] Financial Impact - The recent financial data indicates total assets of approximately 2.30 billion yuan and total liabilities of about 522.92 million yuan, with the cash management investment representing a small fraction of the company's overall financial position [13][14] Decision-Making Process - The board and supervisory board have approved the use of idle funds for cash management, with a maximum limit of 430 million yuan to be used within 12 months from the approval date [1][15]

Core Viewpoint - The company has approved the use of temporarily idle raised funds for cash management, allowing a maximum balance of up to RMB 480 million to be invested in high-safety, liquid financial products with a maturity of no more than 12 months [1] Group 1: Cash Management Account - The company has opened a dedicated settlement account for cash management of idle raised funds at CITIC Bank Hangzhou Economic and Technological Development Zone Branch [2] - This account will only be used for cash management of idle raised funds and will not be used for non-raised funds or other purposes [2] Group 2: Investment Risk and Control Measures - The investment is subject to market fluctuations, and actual returns are unpredictable [2] - The company will adhere to relevant regulations and internal management measures to ensure the safety of funds and effective risk control [2][3] Group 3: Impact on Daily Operations - The establishment of the cash management account will not affect the construction of investment projects or normal operations, ensuring the safety of raised funds [3] - Utilizing temporarily idle funds for cash management can enhance the efficiency of fund usage, thereby increasing investment returns and shareholder value [3]

Core Viewpoint - The company plans to utilize temporarily idle raised funds for cash management, specifically through structured deposits, to enhance fund efficiency and generate additional returns without affecting the implementation of fundraising projects [1][2]. Summary by Sections Cash Management Overview - The purpose of cash management is to improve the efficiency of raised funds while ensuring that it does not impact the funding needs of the company's investment projects and guarantees fund safety [2]. - The amount allocated for cash management is 30 million yuan [2]. - The funds are sourced from the company's initial public offering, which raised a net amount of 784.3481 million yuan after deducting issuance costs [2]. Cash Management Product Details - The cash management product is a structured deposit named "招商银行点金系列看跌两层区间 33 天结构性存款" with a total investment of 30 million yuan [3][4]. - The expected annualized return rate for this product is between 1% and 1.8% [3][4]. - The investment period for this cash management is 33 days, starting from July 2, 2025, to August 4, 2025 [4]. Approval Process - The board of directors and the supervisory board approved the cash management plan during their meetings on March 4, 2025, confirming that it aligns with regulatory requirements and will not affect the company's main business operations [5][6]. - The board authorized the chairman to make investment decisions within the approved limits for a period of 12 months [5]. Impact on the Company - The cash management initiative is expected to generate additional investment returns while ensuring that the company's fundraising projects remain unaffected [7]. - The company has previously engaged in cash management, with a total of 623 million yuan invested in various financial products, yielding a return of 135.85 million yuan [8].

Core Viewpoint - Chengdu Gas (603053) has shown a price increase of 1.7% this week, closing at 9.58 yuan as of June 27, 2025, with a total market capitalization of 8.516 billion yuan [1] Group 1: Stock Performance - Chengdu Gas reached a weekly high of 9.7 yuan on June 27 and a low of 9.35 yuan on June 24 [1] - The company ranks 8th out of 29 in the gas sector by market capitalization and 1888th out of 5151 in the overall A-share market [1] Group 2: Financial Management - The company announced the use of 37 million yuan of idle raised funds for structured deposits with a term of 94 days [1] - On December 19, 2024, the company approved a plan to manage up to 42 million yuan of temporarily idle raised funds [1] - On March 20, 2025, Chengdu Gas renewed a structured deposit of 39 million yuan, maturing on June 20, 2025, with an interest income of 2.2923 million yuan [1] - The company signed an agreement with Chengdu Bank for a structured deposit of 37 million yuan, with a yield range of 1.10% to 2.36% [1] - As of the announcement date, the remaining balance of temporarily idle raised funds in structured deposits is 37 million yuan [1]

Core Points - Lehui International (603076) closed at 30.45 yuan on June 27, 2025, down 0.1% from the previous week [1] - The company's market capitalization is currently 3.675 billion yuan, ranking 105th out of 177 in the specialized equipment sector and 3805th out of 5151 in the A-share market [1] Company Announcements - The company announced the use of up to 180 million yuan of idle raised funds for cash management, with a duration of 12 months [1] - The entrusted financial management will be conducted by Agricultural Bank of China, with an investment of 29 million yuan in a structured deposit product, expected annual yield of 0.31%-1.01%, and estimated returns of 15,500-50,600 yuan [1] - The source of funds is from a non-public stock issuance, totaling approximately 418 million yuan, with a net amount of about 404 million yuan after deducting issuance costs [1] - The company has implemented multiple risk control measures, including decision-making authority granted to the general manager, specific implementation by the finance department, supervision by the audit department, and oversight by independent directors and the supervisory board [1] - The company believes that using idle raised funds for cash management will not affect the investment projects and will enhance fund utilization efficiency, increasing company returns [1] - As of the announcement date, the company has invested a total of 419 million yuan in entrusted financial management over the past twelve months, with actual returns of 3.0368 million yuan and an unrecovered principal of 157 million yuan [1]

Meeting Details - The first session of the Supervisory Board's 18th meeting was held on June 26, 2025, via electronic communication, with all three supervisors participating and voting [1][2] - The meeting complied with relevant laws, regulations, and the company's articles of association, ensuring the legality and validity of the resolutions made [1] Resolutions Passed - The Supervisory Board approved the proposal for using part of the idle raised funds for cash management, with a unanimous vote of 3 in favor [1][2] - The decision to use idle funds for cash management is aimed at improving the efficiency of fund utilization and will not affect the normal progress of investment projects [2] - The decision-making process for using idle funds complies with regulatory requirements, including the rules for managing raised funds and self-regulatory guidelines [2]

Core Viewpoint - The company has approved the use of idle raised funds for cash management, allowing for investment in low-risk, liquid products to enhance fund efficiency and generate returns for shareholders [1][6][7] Group 1: Fundraising Overview - The company raised a total of 815.94 million yuan through a non-public offering of 170,341,873 shares at a price of 4.79 yuan per share, with net proceeds amounting to 800.97 million yuan after deducting fees [2][4] - The funds are stored in a dedicated account with a tripartite supervision agreement signed with the underwriter and the bank [2][4] Group 2: Idle Funds and Management - As of June 26, 2025, the company has identified a portion of the raised funds as temporarily idle due to the phased investment nature of the projects [5] - The company plans to use up to 700 million yuan of these idle funds for cash management, investing in safe, liquid products with a maturity of no more than 12 months [5][6] Group 3: Decision and Implementation - The board of directors has authorized the management to implement the cash management strategy within the approved limits and timeframe, which is valid for 12 months from the date of approval [5][6] - The company will ensure compliance with relevant regulations and will disclose the cash management activities as required [5][6] Group 4: Impact and Opinions - Utilizing idle funds for cash management is expected to improve fund efficiency and yield returns for shareholders, aligning with the interests of the company and its stakeholders [6][7] - The supervisory board and the underwriter have both expressed support for the decision, confirming that it adheres to regulatory requirements and does not harm shareholder interests [6][7]

Core Viewpoint - The company intends to utilize idle raised funds for cash management to enhance fund efficiency and generate returns, aligning with the interests of the company and all shareholders [5]. Fundraising Overview - The company raised a total of 815.94 million yuan through a non-public offering of 170,341,873 shares at a price of 4.79 yuan per share, with a net amount of 800.97 million yuan after deducting fees [1][2]. Fund Usage and Idle Reasons - As of June 26, 2025, the detailed usage of the raised funds includes payments for various tourism projects and associated costs, with a total of 6.88 million yuan for new cruise capacity and 12.16 million yuan for vacation cruise projects [2]. - The idle funds are attributed to the phased investment requirements of the fundraising projects, leading to temporary idleness [2]. Cash Management Plan - The company plans to use up to 700 million yuan of idle funds for cash management, investing in low-risk, liquid financial products with a maturity of no more than 12 months [3]. - The board has authorized the management to implement cash management within the specified limits and duration [3]. Risk Control Measures - The company will select low-risk investment products and take necessary measures to control investment risks, ensuring that the funds are not used for pledging or altering the intended use [4]. Impact on the Company - Utilizing idle funds for cash management is expected to improve fund efficiency and yield returns, benefiting shareholders without compromising the integrity of the fundraising projects [4][5]. Internal Review Process - The proposal for cash management was approved in the 14th meeting, adhering to necessary approval and decision-making procedures [4]. Sponsor's Verification Opinion - The sponsor, Zhongtian Guofu Securities, has no objections to the company's plan to manage idle funds, confirming compliance with relevant regulations [5].

Group 1 - The company held its 18th meeting of the 10th Board of Directors on June 26, 2025, with all 8 directors present, complying with relevant laws and regulations [2][4]. - The Board approved several resolutions, including amendments to the company's articles of association, which will eliminate the supervisory board and transfer its powers to the audit committee [3][5]. - The Board also approved the amendment of the rules for shareholder meetings, board meetings, information disclosure management, and investor relations management [6][9][12][14]. Group 2 - The company plans to use up to RMB 880 million of idle raised funds for cash management, ensuring it does not affect normal operations or project construction [23][56]. - The cash management will be valid for twelve months and will involve investments in safe and liquid deposit products [58][59]. - The Board and Supervisory Board have both approved this cash management plan, emphasizing that it will enhance fund utilization efficiency without harming shareholder interests [71][72]. Group 3 - A second extraordinary general meeting of shareholders is scheduled for July 15, 2025, to review the resolutions passed by the Board [26][30]. - The meeting will allow for both on-site and online voting, with specific timeframes for participation [33][34]. - The company will ensure that the voting results for minority shareholders are disclosed separately [37]. Group 4 - The company has appointed Mr. Jia Jinghong as a non-independent director, who will also serve on the strategy, risk, and ESG committee after the shareholder meeting's approval [19][22]. - The company has ensured that the number of directors who are also senior management or employee representatives does not exceed half of the total board members [19]. Group 5 - The company has confirmed that the use of idle funds for cash management will not change the purpose of the raised funds and will not affect the normal progress of investment projects [62]. - The management aims to enhance the value of idle funds while ensuring compliance with regulatory requirements [63][65].