Core Viewpoint - Kunming Chuanjin Nuo Chemical Co., Ltd. has announced the progress of cash management using idle raised funds, with a total amount not exceeding 400 million RMB approved for use within a 12-month period [1]. Group 1: Cash Management Approval - The company held its fifth board meeting on June 20, 2024, where it approved the use of idle raised funds for cash management [1]. - The approved amount for cash management is capped at 400 million RMB, which can be used in a rolling manner over the next 12 months [1]. Group 2: Redemption of Financial Products - Several financial products purchased with idle funds have reached maturity and have been redeemed [1]. - The company has provided details on the redeemed financial products, including the type, amount, and expected annualized returns [1]. Group 3: Financial Product Details - One of the redeemed products was a fixed-rate deposit certificate from China Merchants Bank, with a principal of 50 million RMB and an annualized return of 1.8% [1]. - Another product was a structured floating income product from Shenwan Hongyuan Securities, with a principal of 36 million RMB and an expected annualized return of 1.75% [1].