Quanyangquan: Temporarily using no more than 124 million yuan of idle raised funds for cash management

NightAirdropper · 2026-03-05T14:13:32+00:00

Quanyangquan announced that it will use up to 124 million yuan of temporarily idle raised funds for cash management, purchasing principal-protected floating yield structured deposits with a term from August 31, 2025, to August 30, 2026. This move will not affect the company's normal production and operations.

NightAirdropper

2026-03-05 14:13:32

Abstract generation in progress

Beijing Business Daily (Reporter Kong Wenxie) announced on March 3 that Quanyangquan issued a notice stating that the company will hold the 7th meeting of the 9th Board of Directors on August 22, 2025, to review and approve the proposal regarding the use of temporarily idle raised funds for cash management. The company agrees to use a maximum total of no more than 124 million yuan of temporarily idle raised funds for cash management; the investment will be in principal-protected floating-rate RMB structured deposits; the authorization period is valid from August 31, 2025, to August 30, 2026; funds within the quota can be used on a rolling basis; this will not affect the progress of the raised funds investment projects or the company’s normal production and operation.

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