Zheng Quan Zhi Xing·2025-08-15 13:20Summary of Key Points Core Viewpoint - The company plans to utilize temporarily idle raised funds for cash management to enhance fund efficiency and maximize shareholder returns while ensuring that it does not affect the construction and use of fundraising projects [4][5][8]. Fundraising Basic Situation - The company raised a total of RMB 198,616.94 million from its initial public offering (IPO) and RMB 142,131.35 million from the issuance of convertible bonds, with all funds received and verified by an accounting firm [2][3]. Fund Usage Situation - The net proceeds from the IPO are allocated to various projects, including a total investment of RMB 77,000 million for specific projects [3]. - The company has established a special account for the management of raised funds and signed a tripartite supervision agreement with the sponsor and the bank [3]. Cash Management Basic Situation - The purpose of cash management is to improve the efficiency of idle funds, ensuring safety and not affecting project progress [4]. - The company plans to invest up to RMB 460 million in low-risk, high-liquidity financial products, with a maximum investment period of one year [4][5]. Information Disclosure - The company commits to timely information disclosure in accordance with the regulations of the Shanghai Stock Exchange, ensuring that the use of raised funds remains unchanged [5]. Impact on Daily Operations - The cash management of idle funds will not affect the ongoing projects funded by the raised capital and is expected to enhance the company's operational efficiency and market competitiveness [6][8]. Review Procedures - The board of directors approved the cash management plan, which does not require shareholder meeting approval, ensuring compliance with relevant regulations [7][8]. Sponsor's Verification Opinion - The sponsor has confirmed that the company has followed necessary approval procedures and that the cash management will not adversely affect the investment projects or shareholder interests [8].