China Railway Signal & Communication Corporation (03969) issued an announcement that recently, the company held the 23rd meeting of the 4th Board of Directors and the 14th meeting of the 4th Supervisory Board. The motion on "Using temporarily unused raised funds for cash management" was deliberated and approved, agreeing for the company to use raised funds not exceeding RMB 2.7 billion (including the principal) for cash management under the circumstances of ensuring it does not affect the progress of the raised funds investment plan, does not affect the normal production and operation of the company, and ensuring the safety of the funds. The funds will be used to purchase investment products with high security, good liquidity, and capital preservation (including but not limited to principal-guaranteed structural deposits, fixed-term deposits, large deposits, and notice deposits), with a duration of no more than 12 months, valid within 12 months from the date of approval by the Board of Directors and the Supervisory Board. Within the above-mentioned quota and period, the company can use it in a rolling manner. The Board of Directors authorized the Chairman and authorized personnel to exercise the investment decision-making power, sign relevant documents, and other matters within the above mentioned quota and validity period of the resolution. The sponsor institution, China International Capital Corporation Limited, issued a clear verification opinion on this matter.
Zhongguo Tong Hao (03969) released an announcement that recently, the company held the 23rd meeting of the 4th Board of Directors and the 14th meeting of the 4th Supervisory Board. The motion on "Using temporarily unused raised funds for cash management" was deliberated and approved, agreeing for the company to use raised funds not exceeding RMB 2.7 billion (including the principal) for cash management under the circumstances of ensuring it does not affect the progress of the raised funds investment plan, does not affect the normal production and operation of the company, and ensuring the safety of the funds. The funds will be used to purchase investment products with high security, good liquidity, and capital preservation (including but not limited to principal-guaranteed structural deposits, fixed-term deposits, large deposits, and notice deposits), with a duration of no more than 12 months, valid within 12 months from the date of approval by the Board of Directors and the Supervisory Board. Within the above-mentioned quota and period, the company can use it in a rolling manner. The Board of Directors authorized the Chairman and authorized personnel to exercise the investment decision-making power, sign relevant documents, and other matters within the above mentioned quota and validity period of the resolution. The sponsor institution, China International Capital Corporation Limited, issued a clear verification opinion on this matter.