Tianfu Communication (300394.SZ) plans to use no more than RMB 8 billion of idle self-owned funds for cash management.

Zhitong Finance APP News, T&S Communications (300394.SZ) announced that the company's board of directors has approved the "Proposal on Using Part of Idle Self-owned Funds for Cash Management," agreeing that the company and its subsidiaries may, on the premise of not affecting normal operations, use self-owned funds not exceeding RMB 8 billion for cash management, to purchase wealth management products with high safety and good liquidity. This matter shall be valid within twelve months from the date the company's shareholders' meeting makes a resolution. Within the above limit and the validity period of the resolution, the funds may be used on a revolving basis.