Zhitong Finance App News, Moore Thread (688795.SH) issued an announcement. In order to improve the efficiency of the use of raised funds, rationally use some idle raised funds, rationally use some idle raised funds for cash management without affecting the construction and implementation of fund-raising investment projects, plans to use funds raised, and ensure the safety of raised funds, so as to improve the efficiency of the use of raised funds. The company and its subsidiaries implementing the fund-raising project plan to use up to RMB 7.5 billion (including capital) of idle raised capital for cash management. The period of use is valid for 12 months from the date of review and approval by the board of directors. Within the above amounts and time limits, funds can be used on a rolling basis.

Zhitong Finance App News, Moore Thread (688795.SH) issued an announcement. In order to improve the efficiency of the use of raised funds, rationally use some idle raised funds, rationally use some idle raised funds for cash management without affecting the construction and implementation of fund-raising investment projects, plans to use funds raised, and ensure the safety of raised funds, so as to improve the efficiency of the use of raised funds. The company and its subsidiaries implementing the fund-raising project plan to use up to RMB 7.5 billion (including capital) of idle raised capital for cash management. The period of use is valid for 12 months from the date of review and approval by the board of directors. Within the above amounts and time limits, funds can be used on a rolling basis.