Zheng Quan Zhi Xing·2025-08-21 16:35Core Viewpoint - The company plans to utilize part of its idle raised funds for cash management to enhance fund efficiency and returns without affecting its main business operations [1][2][5]. Summary by Sections 1. Basic Situation of Raised Funds - The company has received approval from the China Securities Regulatory Commission to issue 12,147,560 convertible bonds, with a total net raised amount of approximately RMB 1.21 billion after deducting issuance costs [1]. - All raised funds are stored in a special account managed according to relevant regulations to protect investor interests [1]. 2. Investment Projects of Raised Funds - The raised funds will primarily be allocated to the construction of the Changsha Cybersecurity and Cloud Computing R&D Base, with a total investment of RMB 2.12 billion, of which RMB 1.21 billion will be funded by the raised capital [2]. 3. Cash Management of Idle Funds - The company intends to use up to RMB 300 million of idle raised funds for cash management, focusing on safe and liquid principal-protected products [3][4]. - The investment decision will be valid for 12 months from the date of approval [4]. 4. Approval Procedures and Opinions - The board of directors approved the cash management proposal on August 20, 2025, confirming that it will not affect the normal operation of the company's investment projects [5]. - The supervisory board supports the decision, stating it will enhance fund efficiency and will not harm the interests of the company or minority shareholders [5]. 5. Sponsor's Verification Opinion - The sponsor confirms that the cash management plan has undergone necessary approval processes and complies with relevant laws and regulations, ensuring it does not change the intended use of raised funds [6].