Group 1 - The core point of the announcement is that the company will use part of the idle convertible bond funds for cash management, which is deemed to not affect the normal operation and investment projects of the company [1][2] - The Supervisory Board meeting was held on July 11, 2025, with all three supervisors present, and the meeting complied with relevant laws and regulations [1] - The Supervisory Board unanimously agreed to use up to RMB 200 million of idle convertible bond funds for cash management, with a voting result of 3 in favor, 0 against, and 0 abstentions [2]

Investment Accounts Overview - The report focuses on identifying the best investment accounts for managing uninvested cash [1] - The analysis includes a comparison of cash management accounts [1] Key Comparison Factors - Interest earned is a crucial factor in evaluating cash management accounts [1] - Cash sweep capabilities are considered in the comparison [1] - Costs associated with the accounts are also a key comparison point [1]

Investment Strategy - Fidelity suggests that holding too much cash can be problematic, especially after establishing an emergency fund [1] - The video emphasizes the long-term benefits of a balanced asset mix [1] - Fidelity cautions against waiting for the "right" time to invest, as timing the market can be a mistake [1] - The video addresses how to effectively deploy cash into the market [1] Content Overview - The video "5 Questions with Fidelity" discusses cash management and investment strategies [1] - The video explores how much cash should be held [1] - The video addresses why some investors struggle to invest excess cash [1] Engagement - Fidelity encourages viewers to ask questions in the comments [1] - Fidelity provides links to its website for more insights and perspectives on the markets [1] - Fidelity promotes its various social media channels, including YouTube, Reddit, Instagram, TikTok, Facebook, LinkedIn, X (Twitter), and Discord [1]

Group 1 - The company has changed its independent financial advisor for the acquisition of 100% equity in Guangzhou Longwen Education Technology Co., Ltd. due to the original advisor's work changes [1] - The new financial advisors are Han Yang and Zhang Yi, with Zhang Yi having extensive experience in investment banking [1][3] Group 2 - The company has approved the use of up to 1 billion yuan of idle self-owned funds and up to 600 million yuan of idle raised funds for cash management [4] - Recently, the company has utilized 90 million yuan of idle self-owned funds and 265 million yuan of idle raised funds for cash management [4] Group 3 - The investment in bank principal-protected financial products is aimed at ensuring the company's daily operations and fund safety, without affecting the normal business operations [8] - The company aims to improve fund utilization efficiency and generate investment returns for shareholders through these financial products [8]