Summary by Moomoo AI
Flat Glass held a board of directors and supervisory board meeting on August 27, 2024, and passed a resolution to use idle funds of up to 0.5 billion RMB of A-share stocks for cash management. The decision aims to improve the efficiency and effectiveness of fund utilization and protect the interests of shareholders. The raised funds will be used to purchase low-risk financial products with a maturity of not more than 12 months, and can be effectively and rollingly used within 12 months. The company and its wholly-owned subsidiary, Anhui Flat Glass Photovoltaic Glass Co., Ltd., will execute this cash management plan, with the approval of the company's supervisory board and recommending institutions. In addition, the company will take corresponding measures to control investment risks and disclose investment and profit/loss information of financial products in regular reports.
