明新旭腾: 明新旭腾关于开立理财专用结算账户及使用部分闲置募集资金进行现金管理的进展公告

Core Viewpoint - The company, Mingxin Xuteng New Materials Co., Ltd., has announced the establishment of a dedicated settlement account for cash management using idle raised funds, amounting to 60 million RMB, to enhance fund utilization efficiency and shareholder returns [1][2]. Group 1: Cash Management Overview - Cash management purpose is to improve the efficiency of idle funds, reduce financial costs, and increase shareholder returns while ensuring that the investment projects are not affected [2]. - The cash management amount is set at 60 million RMB, sourced from the company's bond issuance funds [2]. - The company has opened a dedicated settlement account at Zheshang Bank for cash management purposes [1][2]. Group 2: Cash Management Details - The cash management product is a structured deposit with Zheshang Bank, with a principal guarantee and a floating return based on the performance of the Euro to USD exchange rate [4][6]. - The expected annualized return rates for the structured deposit are 1.00%, 2.20%, or 2.65% [6]. - The investment period for the cash management is valid for 12 months from the date of approval by the 2024 annual general meeting [5]. Group 3: Financial Impact - The company reported total assets of 353,458.62 million RMB and total liabilities of 186,545.15 million RMB for the last audited year [8]. - The use of idle raised funds for cash management is not expected to affect the normal operation of the fundraising projects and is aimed at enhancing fund efficiency and returns for shareholders [8][9].