Shenghong Technology (300476.SZ) plans to increase its unused funds by up to 18 billion yuan for cash management.

Zhitan Finance and Economics APP News, Shenghong Technology (300476.SZ) announced that, in order to fully utilize the company's idle funds and further improve the efficiency of fund utilization, the company plans to increase the amount for cash management by no more than 18 billion yuan (or equivalent foreign currency), while ensuring normal operation of the company, safeguarding the safety of funds, and effectively controlling risks. After this increase, the amount of idle funds used for cash management by the company will be adjusted from no more than 2 billion yuan to no more than 20 billion yuan, with a planned increase of no more than 18 billion yuan in Chinese currency or equivalent foreign currency. The term will be 12 months from the date of approval by the shareholders' meeting, and within this amount and time frame, the funds can be used in a revolving manner.