Summary by Moomoo AI
On August 27, 2024, Flat Glass Group Co., Ltd. (Flat Glass) announced that it will use up to CNY 0.5 billion of idle raised funds for cash management to improve fund utilization efficiency and increase fund income. The duration of this cash management will not exceed 12 months, and the investment will be limited to safe and liquid financial products without involving stocks and their derivatives. Flat Glass' decision has been approved by the board of directors and the supervisory board, and it complies with relevant regulations. The sponsoring institution, Guotai Junan Securities Co., Ltd., has conducted a prudent verification of this matter and believes that Flat Glass' decision-making process is in compliance and does not affect the normal progress of the raised fund investment projects. Flat Glass will fulfill its information disclosure obligations in a timely manner in accordance with regulations and disclose the investment and profit/loss situation of financial products in its regular reports.