HC SemiTek uses idle funds for cash management, working capital

Huatai United Securities, acting as the sponsor, has released its 2025 semi-annual follow-up report for HC SemiTek Corporation. The report details the company's adherence to regulatory requirements and its use of raised capital.

According to the report, HC SemiTek's board of directors and supervisory board approved two key resolutions on July 23, 2025. The first allows the company and its subsidiaries to use up to 100,000,000 yuan of idle raised funds for cash management for up to twelve months. This is intended to increase returns on capital without affecting project implementation. The second resolution permits the temporary use of up to 500,000,000 yuan of idle raised funds to supplement working capital for up to twelve months, ensuring normal project operations.

The report also confirms HC SemiTek's compliance with information disclosure requirements and the effective implementation of its internal control systems. The company reported no significant issues regarding major contracts, shareholder commitments, or other material aspects during the reporting period.