Core Viewpoint - Qifeng New Materials Co., Ltd. has approved the use of idle self-owned funds for cash management, allowing for the purchase of low-risk, high-liquidity financial products up to 1.2 billion RMB [1]. Cash Management Overview - The company has agreed to use up to 1.2 billion RMB of its idle self-owned funds for cash management, which can be rolled over [1]. - The cash management involves investing in low-risk financial products, specifically non-principal guaranteed floating income products [1]. Investment Details - The total amount of entrusted financial products signed is 255 million RMB [2]. - The expected annualized return rates for various products include: - Agricultural Bank's "Nongyin Shishi" open-ended product: 1.80% [2]. - Bank of China’s "Zhongyin Lixiang" product: 2.00% [2]. - Industrial and Commercial Bank's "ICBC Yiren" product: 2.30% [2]. - The investment periods for these products range from 2024 to 2025 [2]. Risk Analysis - The financial products purchased are primarily low-risk but are still subject to macroeconomic policy changes and potential operational errors [2]. - The company has established internal controls and audit measures to monitor the use and safety of the invested funds [2]. Impact on Daily Operations - The funds used for investment are idle and do not affect the company's daily cash flow or main business operations [2]. - The financial health of the company remains stable, and the investment is expected to enhance the returns on idle funds [2]. Historical Cash Management Activities - Over the past twelve months, the company has engaged in cash management activities involving various financial products, with expected returns ranging from 1.45% to 2.60% [2][3]. - The total amount of self-owned funds utilized for cash management in the past year is detailed in the financial product tables [2][3].

Group 1 - Company announced the sale of a large transferable certificate of deposit from Industrial Bank to Tongwei for a consideration of 52.8325 million RMB on March 21, 2025 [1] - On May 8, 2025, the company purchased a large transferable certificate of deposit from Industrial Bank for 53.0363 million RMB [1] - The total unpaid principal amount of financial products held by the company at Industrial Bank is 250 million RMB, which includes a 70 million RMB large transferable certificate of deposit and a 130 million RMB structured deposit [1] Group 2 - On May 8, 2025, the company entered into a structured deposit agreement with Zheshang Bank, agreeing to subscribe to two structured deposits, each with a principal amount of 200 million RMB [1] - The total unpaid principal amount of financial products held by the company at Zheshang Bank is 550 million RMB, including two structured deposits of 75 million RMB each and the two new structured deposits of 200 million RMB each [1] Group 3 - On May 8, 2025, the company entered into a structured deposit agreement with China Merchants Bank, agreeing to subscribe to a structured deposit with a principal amount of 100 million RMB [2] - The total unpaid principal amount of financial products held by the company at China Merchants Bank is 300 million RMB, which includes a 200 million RMB structured deposit and the new 100 million RMB structured deposit [2] Group 4 - On May 8, 2025, the company entered into a structured deposit agreement with CITIC Bank, agreeing to subscribe to a structured deposit with a principal amount of 250 million RMB [2] - The total unpaid principal amount of financial products held by the company at CITIC Bank is 400 million RMB, which includes a 150 million RMB large transferable certificate of deposit and the new 250 million RMB structured deposit [2]