Woer heat-shrinkable material to boost returns with cash management

Shenzhen Woer Heat-Shrinkable Material (SZSE:002130) announced its plans to utilize its own funds for cash management to improve asset efficiency and increase returns. The company and its subsidiaries are authorized to invest up to RMB 600 million in low-risk, liquid financial products, including deposits, negotiable certificates of deposit, structured deposits, and treasury repurchase agreements. This decision, approved at the company's 7th Board meeting and supported by the supervisory board, allows management to finalize and execute related agreements. The cash management authorization is valid for 12 months from the date of board approval. The company aims to optimize the use of idle funds while ensuring the safety and control of capital and also adhering to relevant regulations and the company's articles of association.