TRS Information Technology to optimize capital with wealth management

TRS Information Technology's board of directors has approved using idle raised funds and proprietary capital for cash and wealth management. The company plans to deploy up to RMB 75m of idle raised funds for cash management and up to RMB 70m of proprietary capital for wealth management. Investments will target low-risk, highly liquid products, including structured deposits, large-denomination certificates of deposit, principal-guaranteed wealth management products, and income certificates from commercial banks and securities firms.

These initiatives are set for a 12-month period from board approval, allowing for the rolling use of funds within approved limits. The company stated these activities will not affect fundraising project progress or daily operations, aiming instead to generate additional returns for TRS Information Technology and its shareholders. The board authorized the chairman to make investment decisions, with the finance department overseeing implementation.

A review by China Securities Investment Securities Co., Ltd. confirmed the proposed use of funds aligns with regulations and will not alter the intended use of raised capital. The company's investment in the "Tiantian Industry Large Model R&D and AIGC Application Industrialization Project" will be adjusted to RMB 89,036.60 as of October 17, 2024.