Guangqi Technology: Intended to use idle raised funds of no more than 3 billion yuan for cash management.

date
03/12/2025
Guangqi Technology announced that the company held the 27th meeting of the fifth board of directors in December 2025 to review and approve the proposal to continue using a portion of unused raised funds for cash management. The company and its related subsidiaries and affiliated companies plan to use up to 3 billion yuan of unused raised funds for cash management. The funds can be used on a rolling basis, with a validity period of 12 months from the date of approval by the shareholders' meeting. As of September 30, 2025, the company has actually used 4.517 billion yuan of raised funds, temporarily supplemented with 2.5 billion yuan of unused raised funds for working capital, which has been returned. The company holds 2.625 billion yuan of cash management products that have not yet matured, and the balance of the raised fund account is 586 million yuan. This cash management plan still requires approval by the shareholders' meeting.