Tangshan Sunfar to use ¥1 billion for cash management

Tangshan Sunfar Silicon Industries (SSE:603938) announced plans to utilize up to ¥1 billion of its own funds for cash management. The decision, approved by the board, aims to improve capital efficiency and returns for the company and its shareholders without impacting normal business operations. The funds will be invested in low-risk products such as structured deposits, large certificates of deposit, and government bond repurchase agreements. The cash management activities will be conducted within a 12-month period from the date of board approval, with the principal amount being used on a revolving basis. The management is authorized to execute relevant agreements, with the finance department overseeing implementation and risk management. The company's independent directors and supervisors will monitor the use of funds.