China South Publishing & Media Group Co., LtdSSE: 601098

(601098)"China South Publishing & Media Group Co., Ltd."Announcement on Progress in Using Certain Idle Raised Funds for Cash Management

· Issued by China South Publishing & Media Group Co., Ltd via Shanghai Stock Exchange

Filed with SSE · Stock code 601098 · · 6 pages · Chinese

Summary by 6ix AI

China South Publishing & Media Group Co., Ltd has announced the progress of using idle raised funds for cash management. The company aims to enhance the efficiency of its idle funds while ensuring that investment projects continue without disruption. The cash management involves investing in structured deposits with a bank, which are designed to preserve capital and provide returns. The filing outlines the internal controls and risk management measures in place for this cash management strategy. The company assures that this strategy will not adversely affect the interests of shareholders, particularly minority shareholders.

Written in English by 6ix AI from the company’s Chinese-language filing. How 6ix writes summaries

On 6ix: 6ix.com/news/601098china-south-publishing-and-media-group-co-ltdannouncement-on-progress-in-using-certain-idle-raised-funds-for-cash-management

Release

Announcement on Progress in Using Certain Idle Raised Funds for Cash Management

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China South Publishing & Media Group Co., Ltd on 6ix

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