HAOHAI BIOTEC (06826) intends to use temporarily idle funds raised for cash management.

HAOHAI BIOTEC (06826) announced that in order to improve the efficiency of the use of raised funds, it will reasonably utilize some temporarily idle raised funds to increase the company's revenue, ensuring that it does not affect the construction and use of raised fund projects, and that the raised funds are safe and the purpose of the raised funds remains unchanged. The company plans to use up to 300 million yuan (including the principal) of temporarily idle raised funds for cash management, with a validity period of 12 months from the date of approval by the board of directors. Within the above-mentioned limit and period, the funds can be used in a revolving manner.