Zheng Quan Zhi Xing·2025-08-26 12:16Core Viewpoint - The company intends to continue using temporarily idle raised funds (including oversubscription funds) and its own funds for cash management to improve fund utilization efficiency and increase returns for the company and its shareholders [1][3][8]. Fundraising Basic Situation - The company successfully issued 36,931,900 shares at a price of RMB 5.18 per share, raising a total of RMB 1,913,072,420.00, with a net amount of RMB 1,806,750,318.06 after deducting issuance costs [1]. Previous Use of Idle Funds - The company previously approved the use of up to RMB 40,000,000 of temporarily idle self-owned funds for cash management, with a usage period of up to 12 months, expiring on September 25, 2025 [3][4]. Current Cash Management Plan - The company plans to use up to RMB 75,000,000 of temporarily idle raised funds and up to RMB 60,000,000 of self-owned funds for cash management, with a validity period of 12 months from the expiration date [4][8]. Purpose of Cash Management - The purpose is to enhance the efficiency of using raised and self-owned funds while ensuring that the implementation of fundraising projects and fund safety are not affected, thereby increasing returns for the company and shareholders [3][6]. Cash Management Products - The company will invest in low-risk, high-liquidity financial products that meet capital preservation requirements, such as time deposits and financial institution certificates, and will not use these funds for securities investment [5][6]. Impact on Company Operations - The cash management of temporarily idle funds is expected to improve fund utilization efficiency and generate returns without affecting the normal operation of fundraising projects and daily fund turnover [6][8]. Review and Approval Process - The board of directors and the supervisory board have approved the continued use of idle funds for cash management, affirming that it aligns with the interests of the company and all shareholders [7][9].