Zhejiang Bofei Electric Co., Ltd. (hereinafter referred to as "the Company") held the 22nd meeting of the third board of directors and the 17th meeting of the third supervisory board on November 28, 2025, where it reviewed and approved the proposal on the use of part of the idle raised funds for cash management. The Company agreed to use a total amount not exceeding RMB 80 million (including the principal) of temporarily idle raised funds for cash management, effective for 12 months from the date of board approval, with the possibility of rolling use within the above limit and period. For specific details, please refer to the announcement disclosed in the Securities Times, Shanghai Securities Journal, and the Giant Tide Information Network (www.cninfo.com.cn) titled "Announcement on the Use of Part of the Idle Raised Funds for Cash Management" (Announcement No.: 2025-095).
001255SZSE
Announcement on the Redemption of Part of the Idle Raised Funds for Cash Management
✨ AI Summary
Zhejiang Bofei Electric Co., Ltd. announced the redemption of idle raised funds amounting to RMB 10 million from cash management products. The company approved the use of up to RMB 80 million for cash management, ensuring it does not affect project investments. As of the announcement date, the total balance of unused funds for cash management is RMB 70 million.
Summary generated by AI · Always verify with source document
Full Translation
AI Translation· azure_openai
Sign in to read the full translation
Free accounts get 10 full releases per month. Pro subscribers get unlimited access.