Shanghai Huide Science & Technology Co., Ltd.SSE: 603192

(603192)"SHANGHAI HUIDE SCIENCE & TECHNOLOGY CO., LTD."Announcement on Progress in Using Idle Raised Funds for Cash Management

· Issued by Shanghai Huide Science & Technology Co., Ltd. via Shanghai Stock Exchange

Filed with SSE · Stock code 603192 · · 6 pages · Chinese

Summary by 6ix AI

Shanghai Huide Science & Technology Co., Ltd. has announced progress regarding the use of idle raised funds for cash management. The company plans to invest a portion of these funds in low-risk financial products to enhance returns while ensuring the safety of the funds. The board has approved this investment strategy, which does not require shareholder approval, and includes measures to mitigate associated risks. The investment is expected to improve the efficiency of fund usage without impacting the company's normal operations or investment projects.

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

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