北京首旅酒店（集团）股份有限公司关于使用闲置募集资金进行现金管理到期赎回并继续进行现金管理进展的公告

Core Viewpoint - Beijing Shoulv Hotel (Group) Co., Ltd. is utilizing idle raised funds for cash management, including the redemption of financial products and the continuation of cash management activities. Group 1: Cash Management Overview - The company plans to redeem a total of RMB 200 million from financial products and continue cash management with RMB 150 million [2] - The financial products involved include structured deposits from China Merchants Bank and Bank of China [2] - The maximum investment period for each financial product is not to exceed one year, with specific terms ranging from 91 to 184 days [2][14] Group 2: Historical Context - The company has previously utilized idle raised funds for cash management, starting from January 2022, with a total of RMB 1.9 billion invested in structured deposit products [3][24] - The company has consistently redeemed and reinvested funds from structured deposits, with significant amounts redeemed in 2022 and 2023 [4][5][6][7] Group 3: Financial Impact - The redeemed financial products amounting to RMB 200 million represent 6.69% of the net raised funds and 8.90% of the company's cash and financial assets as of March 31, 2025 [21] - The company achieved a pre-tax return of RMB 1.5321 million from the redeemed products, resulting in a post-tax return of RMB 1.1490 million [21] Group 4: Risk Management - The company emphasizes strict adherence to prudent investment principles, selecting reputable financial institutions for managing idle funds [16] - Internal controls include regular audits and monitoring of financial product performance to mitigate risks [16][19] Group 5: Future Plans - The company intends to continue using idle raised funds for cash management, aiming to enhance fund utilization efficiency and achieve stable returns [14][17] - The total amount of idle raised funds used for cash management in the last 12 months is RMB 1.7 billion, with a cumulative total of RMB 8.8 billion since November 2021 [24]