Quanyangquan: Using no more than 124 million yuan of temporarily idle raised funds for cash management

NightAirdropper · 2026-02-28T08:23:16+00:00

Quanyangquan announces that a board meeting will be held on August 22, 2025, to review the use of no more than 124 million yuan of idle raised funds for cash management, investing in products with high safety and good liquidity, ensuring that the project progress and normal operations are not affected.

NightAirdropper

2026-02-28 08:23:16

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Beijing Business Daily (Reporter Kong Wenxie) reported that on February 25, Quanyangquan announced that the company held the 7th meeting of the 9th Board of Directors on August 22, 2025, during which they approved the proposal for cash management using temporarily idle raised funds. The company agreed to use a maximum of 124 million yuan of temporarily idle raised funds for cash management. The source of funds is from temporarily idle raised funds. The investment will focus on purchasing safe and highly liquid products such as principal-protected floating-rate RMB structured deposits. The authorization is valid from August 31, 2025, to August 30, 2026. The funds can be used on a rolling basis within the approved limit. This matter will not affect the progress of the raised funds’ investment projects or the company’s normal production and operations.

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