Xi'an Bright Laser Technologies Co. Ltd.SSE: 688333

(688333)"XI'AN BRIGHT LASER TECHNOLOGIES CO., LTD."Announcement on Use of Certain Idle Raised Funds for Cash Management by Wholly-owned Subsidiary

· Issued by Xi'an Bright Laser Technologies Co. Ltd. via Shanghai Stock Exchange

Filed with SSE · Stock code 688333 · · 5 pages · Chinese

Summary by 6ix AI

Xi'an Bright Laser Technologies Co. Ltd. has announced the use of idle raised funds for cash management by its wholly-owned subsidiary. The company plans to invest a portion of these funds in low-risk financial products to enhance capital efficiency without affecting ongoing projects. The board has approved this decision, which does not require shareholder approval, and aims to ensure the safety of the raised funds while generating returns. The announcement includes risk analysis and control measures to mitigate potential market impacts on these investments.

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

On 6ix: 6ix.com/news/688333xian-bright-laser-technologies-co-ltdannouncement-on-use-of-certain-idle-raised-funds-for-cash-management-by-wholly-owned-subsidiary

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Announcement on Use of Certain Idle Raised Funds for Cash Management by Wholly-owned Subsidiary

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