Summary by Futu AI
XINTIAN GREEN ENERGY HELD THE 24TH INTERIM MEETING OF THE 5TH BOARD OF DIRECTORS AND THE 11TH EXTRAORDINARY MEETING OF THE 5TH BOARD OF SUPERVISORS ON 25 APRIL 2024 TO CONSIDER CASH MANAGEMENT BY USING TEMPORARY IDLE RAISING FUNDS OF NOT MORE THAN RMB 4 BILLION AND DEPOSITING THE FUNDS RAISED BY AGREEMENT DEPOSITS. The decision aims to improve the efficiency of the use of funds and increase returns, and to ensure that it does not affect the normal course of the fundraising investment project. The company completed its fundraising on December 29, 2021 and is stored in a dedicated account. In addition, the company will purchase liquid and secure insurance-based investment products and take appropriate risk control measures. The Advisory Bodies and the Supervisory Board agree to the cash management decision-making process for this use of idle fundraising.