Core Viewpoint - Jiangsu Guotai International Group Co., Ltd. plans to utilize temporarily idle funds from its publicly issued convertible bonds for cash management, with a maximum amount of RMB 3.7 billion, to enhance fund efficiency and ensure the normal progress of investment plans [1][6]. Summary by Sections Company Announcement - The company held a board meeting on September 11, 2024, approving the use of up to RMB 3.7 billion from temporarily idle funds raised through convertible bonds for cash management [1]. - The funds can be rolled over for use within 12 months from the date of the shareholders' meeting approval, with any cash management amount at any point not exceeding the approved limit [1]. Investment Products - The company purchased a wealth management product from CITIC Securities, specifically the CITIC Securities Anxiang Xinqu Series 2541 yield certificate, amounting to RMB 3.49 million [2]. - The product's risk factors include potential failure to issue the yield certificate, which would result in the freezing of the company's subscription amount [2][3]. Risk Management - CITIC Securities has sufficient liquidity to meet operational needs and debt obligations, but there are risks associated with potential insolvency or liquidity shortages that could affect the timely payment of principal and returns on the yield certificate [3][4]. - The company has established risk control measures, including oversight by the finance department, compliance review by the legal department, and regular audits by the supervisory department [5][6]. Impact on Company - Utilizing part of the temporarily idle funds for cash management will not affect the normal investment plans of the company and is expected to improve fund utilization efficiency, benefiting the company and all shareholders [6]. Previous Cash Management Activities - The company has previously engaged in cash management activities with idle funds, with various products and their respective yields documented, including fixed income and structured deposits [7][10].