Gelonghui December 20 丨Synes (688480.SH) announced that on December 20, 2022, the company held the 17th meeting of the second board of directors and the 11th meeting of the second board of supervisors to deliberate and pass the “Proposal on Using Part of Temporary Idle Raised Funds for Cash Management”, agreeing that the company and its subsidiary that implemented the fund-raising project, Changsha Sainz Environmental Engineering Technology Co., Ltd. agreed that it did not affect the construction of capital raised investment projects and the use of raised funds and the company's normal business development, with a maximum balance of no more than RMB 250 million (including this amount) Funds are purchased with high security, good liquidity, and a term of not more than 12 months (inclusive) (including but not limited to capital protected wealth management products, structured deposits, large deposit notes, term deposits, notification deposits, agreement deposits, etc.). Within the above amount, the funds can be used on a rolling basis, and the period of use is valid for 12 months from the date of review and approval by the Board of Directors.