Shang Hai Zheng Quan Bao·2025-10-09 18:58Core Viewpoint - The company is utilizing part of its idle raised funds for cash management to enhance fund efficiency and generate investment returns while ensuring the safety of the raised funds [1][3][9]. Cash Management Overview - Cash management trustee: Shanghai Pudong Development Bank Co., Ltd. Zhabei Branch [1] - Cash management amount: RMB 100 million [1] - Cash management purpose: To effectively reduce idle fund costs and enhance the value preservation and appreciation of raised funds [3][9]. - Cash management product: Time deposit [5][9] - Cash management duration: Three months [5][10] Fund Source and Usage - The source of funds for cash management is part of the idle raised funds from the non-public offering of shares in 2021 [4][6]. - The company raised a net amount of approximately RMB 4.98 billion from the non-public offering, with the funds fully received by March 9, 2021 [7]. Cash Management Redemption - The company redeemed the time deposit of RMB 100 million on September 30, 2025, with a return of RMB 24.72 thousand [3]. Board Approval Process - The board approved the cash management plan on June 30, 2025, allowing the use of up to RMB 1.9 billion of idle raised funds for cash management within 12 months [1][11].