Core Viewpoint - The company, Weima Agricultural Machinery Co., Ltd., has announced the redemption of part of its temporarily idle raised funds for cash management and plans to continue purchasing cash management products, ensuring that this does not affect its normal production and operation [1][2]. Group 1: Cash Management Details - The company intends to use no more than RMB 55 million of temporarily idle raised funds for cash management, with the approval effective from the date of the shareholders' meeting [1][2]. - The cash management products that have matured have been redeemed, and the company will continue to purchase bank financial products [1][2]. - The actual yield of the financial products matched the expected yield, and all principal and earnings have been returned to the company's special account for raised funds [1][2]. Group 2: Approval Process - The company held its third board meeting and the fourth supervisory meeting on August 16, 2024, and the first temporary shareholders' meeting on September 6, 2024, to approve the cash management proposal [2][3]. - The use of idle raised funds for cash management is within the authorized limits and does not require further board approval [2][3]. Group 3: Impact on the Company - The cash management activities will not affect the construction of projects funded by raised funds or the normal operations of the company, and it aims to improve the efficiency of fund utilization and generate investment returns for the company and its shareholders [3][4]. Group 4: Previous Cash Management Activities - As of the announcement date, the company has a remaining balance of RMB 320 million in cash management products purchased with idle raised funds, which is within the approved limit of RMB 550 million [6][7].

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