Zheng Quan Zhi Xing·2025-08-26 13:13Core Viewpoint - The company intends to utilize part of the temporarily idle raised funds for cash management to enhance the efficiency of fund usage and maximize shareholder benefits while ensuring the safety of the funds and not affecting the normal operation of the fundraising investment projects [6][8]. Fundraising Basic Information - The company successfully completed its initial public offering (IPO) of 86.34 million shares at a price of RMB 17.39 per share, raising a total of RMB 1,501.45 million. After deducting issuance costs of RMB 89.88 million, the net amount raised was RMB 1,411.57 million [1][2]. Fund Usage Status - As of June 30, 2025, the actual net amount raised was RMB 1,411.57 million, with RMB 700.81 million allocated to fundraising projects. The remaining balance in the special account for raised funds was RMB 287.91 million [3][4]. Cash Management Details - The company plans to use up to RMB 700 million of temporarily idle raised funds for cash management, focusing on safe and liquid products such as structured deposits and large certificates of deposit, with a maximum term of 12 months [7][9]. - The cash management will be conducted within a 12-month period from the board's approval date, allowing for rolling usage of the funds [6][9]. Decision-Making Process - The board of directors approved the cash management proposal on August 26, 2025, confirming that the decision falls within the board's authority and does not require shareholder approval [9][10]. Verification by Intermediary - The sponsoring institution, CITIC Securities, has verified that the company has followed necessary approval procedures for the cash management of idle funds and that the actions comply with relevant regulations, ensuring no change in the purpose of the raised funds [9][10].