Zheng Quan Zhi Xing·2025-07-29 16:12Summary of Key Points Core Viewpoint - The company intends to utilize part of the temporarily idle raised funds for cash management to enhance the efficiency of fund usage and generate returns for the company and its shareholders [1][2][6]. Fundraising Overview - The company issued 71,647,901 shares, raising a total of approximately RMB 699.99 million, with a net amount of approximately RMB 693.18 million after deducting issuance costs [2][3]. Cash Management Plan - The company plans to use up to RMB 300 million of the idle raised funds for cash management, with the investment period and amount valid for one year from the date of approval by the shareholders' meeting [2][3]. - The investment will focus on low-risk, high-liquidity products such as notice deposits, structured deposits, and large-denomination certificates of deposit [3][4]. Decision-Making and Approval - The board of directors and the supervisory board have approved the cash management plan, ensuring it does not affect the normal operation of fundraising projects or the company's main business [5][6]. - The decision is subject to a 12-month validity period from the date of approval by the shareholders' meeting [3][5]. Risk Management - The company will implement strict risk control measures to ensure the safety of the funds and will not use the raised funds for pledging or securities investment purposes [3][4]. - The cash management returns will be prioritized for supplementing any shortfall in investment amounts for the fundraising projects [3][6]. Sponsor's Opinion - The sponsor, Zhongtai Securities, has confirmed that the cash management plan complies with relevant regulations and does not change the intended use of the raised funds [6][7].