Group 1 - The company, Wufangzhai, announced the use of 150 million yuan of idle raised funds to purchase a 91-day principal-protected floating income structured deposit from Minsheng Bank [2] - As of the announcement date, the remaining balance of 150 million yuan has not yet matured, which accounts for 47.66% of the company's most recent monetary funds [2]

Core Viewpoint - The company, Zhaolong Interconnect, has announced the approval of a proposal to utilize up to 600 million yuan of temporarily idle raised funds for cash management, focusing on low-risk and liquid principal-protected products [1] Group 1: Financial Management - The company will invest in safe and liquid financial products such as structured deposits, time deposits, notice deposits, large-denomination certificates of deposit, income certificates, and bank wealth management products [1] - The usage period for these funds will be effective for 12 months from the date of approval by the shareholders' meeting [1] - The funds can be rolled over within the approved limit, ensuring flexibility in cash management [1] Group 2: Impact on Operations - This decision will not affect the progress of the investment projects funded by the raised capital or the normal production and operation of the company [1]

Core Viewpoint - The company is utilizing temporarily idle raised funds for cash management, aiming to enhance the efficiency of fund usage and increase returns for shareholders through safe and low-risk investment products [4][10]. Investment Overview - **Investment Purpose**: The company aims to maximize shareholder interests by efficiently using temporarily idle raised funds for cash management without affecting the normal use of these funds [4]. - **Investment Amount**: The total amount for the agreed deposits will not exceed 960 million yuan [5]. - **Funding Source**: The raised funds were obtained through a non-public offering, totaling approximately 1.83 billion yuan, with a net amount of about 1.81 billion yuan after deducting issuance costs [6][7]. Cash Management Details - **Investment Method**: The company plans to invest in high-security, high-liquidity, low-risk, and capital-preserving products, including but not limited to agreed deposits, structured deposits, and bank wealth management products [4][10]. - **Recent Cash Management Performance**: In the past 12 months, the company generated interest income of 1.0252 million yuan from cash management, with the highest single-day investment amount reaching 1.0412 billion yuan [9]. Approval Process - The board of directors approved the cash management plan on January 12, 2026, allowing the use of up to 960 million yuan for cash management without requiring shareholder approval [10]. Impact on the Company - The use of idle raised funds for cash management will not affect the implementation of the company's investment projects and is expected to enhance returns for both the company and its shareholders [13].

Core Viewpoint - The company has approved the use of idle raised funds for cash management, ensuring it does not affect the normal investment plan and safety of the raised funds [1] Group 1: Financial Management - The company plans to use up to 500 million yuan of temporarily idle raised funds for cash management [1] - The duration for this cash management is set to not exceed 12 months [1] - The investment direction includes purchasing high-security, high-liquidity, and capital-preserving bank financial products or engaging in short-term bank fixed deposits [1] Group 2: Impact on Operations - This decision will not impact the progress of the raised funds investment projects or the company's normal production and operations [1]

Core Viewpoint - The company has approved the use of idle raised funds for cash management, indicating a strategic approach to optimize financial resources while ensuring operational continuity [1] Group 1: Financial Management - The company will utilize up to 300 million yuan of temporarily idle raised funds for cash management [1] - Investments will be made in financial products such as structured deposits and large certificates of deposit, which are characterized by high safety, good liquidity, and capital protection agreements [1] - The investment period for these financial products will not exceed 12 months, and the approved amount is valid for 12 months from the date of board approval [1] Group 2: Operational Impact - The company asserts that this cash management initiative will not affect the progress of the raised funds investment projects or the normal production and operation of the company [1]

Core Viewpoint - The company has approved the use of up to 400 million RMB of temporarily idle raised funds for cash management, focusing on low-risk financial products [1] Group 1: Board Meeting Decisions - The second board meeting of the company was held on January 13, 2026, where relevant proposals were reviewed and approved [1] - The approved cash management will involve investments in structured deposits, time deposits, large certificates of deposit, notice deposits, and broker yield certificates [1] Group 2: Financial Management Strategy - The cash management initiative is set to be effective for 12 months from the date of board approval [1] - The funds can be used on a rolling basis within the approved limit, ensuring flexibility in financial management [1] Group 3: Impact on Operations - This cash management strategy will not affect the progress of the raised funds investment projects or the normal production and operation of the company [1]

Core Viewpoint - The company has approved the use of idle raised funds for cash management, allowing for investments in low-risk, liquid financial products to enhance fund efficiency and generate returns for shareholders [1][2]. Group 1: Cash Management Approval - The company’s board approved the use of up to RMB 50,000,000 for cash management, with investments limited to a maximum term of 12 months in safe financial products [1]. - The board authorized the chairman to make investment decisions and sign relevant contracts within the approved limits [1]. Group 2: Recent Cash Management Activities - On December 26, 2025, the company invested RMB 50,000,000 in a treasury reverse repurchase agreement, with the principal and returns fully returned to the dedicated fundraising account [1]. - The annualized return on this investment was calculated without deducting transaction costs [2]. Group 3: Financial Impact - The cash management activities do not affect the construction of fundraising investment projects or change the intended use of the raised funds [2]. - The company aims to improve fund efficiency and generate investment returns, thereby enhancing overall performance and shareholder value [2]. Group 4: Accounting Treatment - The principal from cash management will be recorded as "trading financial assets" or "other non-current assets" on the balance sheet, while returns will be recognized as "investment income" or "interest income" in the profit statement [2]. Group 5: Historical Cash Management Data - The company reported its cash management activities over the past 12 months, with the highest single-day investment amount not exceeding the previously approved limit of RMB 65,000,000 [3][4]. - The maximum authorized limit for cash management after December 25, 2025, is set at RMB 50,000,000 [4].

Core Viewpoint - The company has approved the use of idle raised funds for cash management, allowing for the purchase of safe and liquid investment products up to RMB 70 million, ensuring that it does not affect the normal operation of fundraising projects [1][3][11]. Investment Overview - **Investment Purpose**: The aim is to enhance the efficiency and returns of idle raised funds while ensuring the normal implementation of fundraising project investment plans [3]. - **Investment Amount**: A total of RMB 30 million will be allocated for cash management [3]. - **Source of Funds**: The funds will come from temporarily idle raised funds [4]. Fundraising Details - **Fundraising Approval**: The company received approval from the China Securities Regulatory Commission to issue 25,641,460 shares at RMB 9.78 per share, raising a total of RMB 250.77 million, with a net amount of RMB 245.96 million after deducting issuance costs [5]. Investment Method - **Investment Type**: The company will invest in structured deposits, with an investment amount of RMB 30 million [7]. - **Investment Duration**: The investment will start on January 12, 2026, and mature on July 15, 2026, lasting a total of 184 days [8]. Risk Analysis and Control Measures - **Risk Control**: The company will not pledge the investment products and will ensure that the funds are not used for other purposes, maintaining compliance with relevant regulations [10]. - **Management Oversight**: The finance department will manage the investment products, and independent directors will supervise the fund usage [10]. Impact on the Company - **Operational Impact**: The use of idle funds for cash management will not affect the implementation of fundraising projects or the company's future operations, financial status, or cash flow [11].

Core Viewpoint - The company, Shandong Donghong Pipe Industry Co., Ltd., has announced the use of idle raised funds for cash management, specifically investing in structured deposits amounting to RMB 30 million, while ensuring that this does not affect the implementation of its fundraising projects [1][3]. Investment Overview - **Investment Purpose**: The aim is to enhance the efficiency and returns of idle raised funds while ensuring the normal implementation of fundraising project investment plans [3]. - **Investment Amount**: The total amount for cash management is RMB 30 million [4]. - **Source of Funds**: The funds are sourced from temporarily idle raised funds [5]. - **Fundraising Background**: The company was approved to issue 25,641,460 shares at a price of RMB 9.78 per share, raising a total of approximately RMB 250.77 million, with a net amount of about RMB 245.96 million after expenses [6][7]. Investment Method - **Investment Type**: The company will invest in high-security, liquid principal-protected investment products, including but not limited to structured deposits, time deposits, large certificates of deposit, notice deposits, and bank or brokerage wealth management products [3][8]. - **Investment Duration**: The investment period is from January 12, 2026, to July 15, 2026, totaling 184 days [8]. Recent Cash Management Situation - The cash management activities are within the authorized investment limits and duration, with a maximum investment period of 12 months [9]. Approval Process - The board of directors approved the cash management proposal on December 24, 2025, ensuring that the investment does not affect the normal operation of fundraising projects [9]. Impact on the Company - The use of idle raised funds for cash management is not expected to impact the implementation of fundraising projects or the company's future main business, financial status, operating results, and cash flow significantly. This approach aims to improve fund utilization efficiency and generate additional investment returns for the company and its shareholders [12].

Group 1 - The company announced the early redemption of a large deposit product purchased with temporarily idle raised funds due to the need for construction funds for fundraising projects [1] - The total amount of idle raised funds used for cash management is capped at RMB 145 million, with a rolling usage allowed within this limit from October 30, 2025, to October 30, 2026 [1] - As of January 12, 2026, the company has utilized RMB 116.21 million of the cash management quota, leaving RMB 28.79 million still available for use [2] Group 2 - The early redemption of the deposit product has returned both the principal and the earnings to the fundraising account [1] - The company has not experienced any overdue recoveries related to the temporarily idle raised funds used for cash management [2]