Core Viewpoint - Shenzhen Kanda Electronics Technology Co., Ltd. has approved the use of idle raised funds and self-owned funds for cash management, ensuring that it does not affect normal operations and the construction of investment projects [2]. Group 1: Cash Management Approval - The company held its sixth board meeting on December 9, 2024, where it approved the proposal to use idle funds for cash management, with a maximum usage period of 12 months [2]. - The board authorized the chairman or authorized personnel to sign relevant contracts within the approved limits [2]. Group 2: Cash Management Details - The company has engaged in cash management using idle raised funds and self-owned funds, with specific details outlined in the announcement [2]. - The total amount of funds involved in cash management is 32,600 million yuan, with various financial products subscribed [4][5]. Group 3: Financial Products and Returns - The company has subscribed to several structured deposit products with different banks, including: - China Merchants Bank's structured deposits with expected annual returns ranging from 1.3% to 2.05% [3][4]. - Bank of China structured deposits with expected returns of 0.64% to 0.85% [6][7]. - The expected returns on these products are designed to enhance the efficiency of fund usage while ensuring capital safety [8].

Group 1 - The company aims to improve the efficiency of idle fundraising through cash management, which will not affect the development of its main business [2][3] - The total amount used for cash management is 100 million yuan [2] - The funds come from the proceeds of a public offering of convertible bonds, totaling approximately 512.7 million yuan, which were fully received by January 20, 2021 [2] Group 2 - The company has purchased fixed-rate large-denomination time deposits from China Merchants Bank, which are considered low-risk investment products [6][7] - The cash management will not impact the implementation progress of fundraising projects [3][6] - The company has received approval from its shareholders for the cash management plan, ensuring compliance with internal control requirements [6][8] Group 3 - The company has made several purchases of large-denomination time deposits, including 10 million yuan in various tranches, with expected annualized returns ranging from 2.15% to 3.30% [4][5] - The cash management strategy is designed to enhance the returns on idle funds without compromising the interests of shareholders, particularly minority shareholders [8] - The company will report the purchased financial products as "trading financial assets" on its balance sheet, with the income recognized as investment income [8]