Core Viewpoint - XD Tianyuan Intelligent Equipment Co., Ltd. has experienced a decline in stock price, with a current market capitalization of 4.053 billion RMB, ranking 26th in the engineering machinery sector and 4056th in the A-share market [1] Company Announcements - The company redeemed a structured deposit of 27 million RMB, yielding a return of 0.93 million RMB, with the principal and earnings fully returned to the fundraising account [1] - The structured deposit was linked to the exchange rate between the Australian dollar and the New Zealand dollar, and there are no overdue receivables related to this product [1] - As of the announcement date, the company has an unused cash management quota of 40 million RMB from the raised funds [1]

Core Viewpoint - The company has approved an increase in the limit for using temporarily idle raised funds for cash management from RMB 65 million to RMB 115 million, aiming to enhance fund utilization efficiency and generate more returns for the company and its shareholders [2][6][17]. Group 1: Fund Management Details - The company will use the increased cash management limit to purchase low-risk, high-security, and liquid principal-protected cash management products [6][8]. - The cash management period is valid for twelve months from the date of the board's approval, allowing for rolling use of funds within the specified limit [10][11]. - The company has established internal control measures to ensure the safety of the raised funds, including strict adherence to investment principles and regular monitoring of fund usage [13][14]. Group 2: Fundraising Background - The company raised a total of RMB 164,301.50 million through its initial public offering, with a net amount of RMB 155,999.38 million after deducting issuance costs [2][3]. - As of January 20, 2026, the company has utilized RMB 35,927.23 million of the raised funds, with the remaining funds stored in a designated account approved by the board [4][5]. Group 3: Approval Process - The board of directors held a meeting on January 30, 2026, where the proposal to increase the cash management limit was unanimously approved by all attending directors [24]. - The audit committee also reviewed and supported the proposal, emphasizing its benefits for improving fund utilization efficiency [17][18].

Group 1 - The company plans to use part of its idle raised funds for cash management, with a maximum amount not exceeding RMB 70 million [2][6][10] - The cash management will involve purchasing low-risk, liquid principal-protected products such as time deposits and structured deposits, allowing for redemption based on project funding needs [2][10][11] - The company has completed the necessary approval procedures for this cash management initiative, which was approved by the board of directors on January 23, 2026, and does not require shareholder approval [2][15][21] Group 2 - The company has raised a total of RMB 103.32 million from its initial public offering, with a net amount of RMB 92.77 million after deducting issuance costs [6][27] - The company has identified several investment projects for the raised funds, including the development of next-generation access network chips and automotive chips, with total estimated investments of RMB 46.78 million and RMB 16.91 million respectively [4][5] - The company has excess raised funds amounting to RMB 11.86 million, which will be managed alongside the main investment projects [9][27] Group 3 - The company has added new wholly-owned subsidiaries as implementation entities for its investment projects, including Wuhan Chip Intelligence Technology Co., Ltd. and Shanghai Youxin Chip Technology Co., Ltd. [24][25][28] - The implementation locations for the projects have been adjusted to include multiple cities, enhancing resource allocation and project efficiency [24][31] - The adjustments made to the project implementation entities and locations will not adversely affect the company's normal operations or the intended use of the raised funds [31][32]

Group 1 - The company has approved the use of up to RMB 1.37 billion of temporarily idle raised funds for cash management, with a validity period of 12 months from the date of board approval [1] - The board has authorized the management to implement cash management matters and sign relevant contracts [1] - A dedicated settlement account for cash management of raised funds has been opened, which will only be used for this specific purpose and not for any other uses [1] Group 2 - The announcement regarding the cash management and the dedicated account was published on September 20, 2025, in various financial newspapers and platforms [1] - The company is in compliance with relevant regulations regarding the management of raised funds [1] - The decision reflects the company's strategy to optimize the use of its financial resources [1]

Core Viewpoint - The company, LuKang Pharmaceutical, has announced a plan to utilize part of its idle raised funds for cash management, ensuring that it does not affect the normal operation of investment projects [2] Group 1: Company Announcement - On January 23, 2026, LuKang Pharmaceutical held the twelfth (temporary) meeting of the eleventh board of directors to approve the proposal for cash management using idle raised funds [2] - The company will use an amount not exceeding RMB 31 million for cash management, with a validity period of 12 months from the date of board approval [2] - A dedicated settlement account for cash management products has been opened at the Jining Jin Yu Road Branch of China Postal Savings Bank [2]

Group 1 - The company has approved the cancellation of its subsidiary Suzhou Deruilian Automation Technology Co., Ltd. [2][3] - The cancellation process has been completed, and the subsidiary will no longer be included in the company's consolidated financial statements, which will not have a substantial impact on the company's financial performance [3] - The cancellation will not affect the company's business development or profitability, ensuring no harm to the interests of shareholders, especially minority shareholders [3] Group 2 - The company plans to use its own funds for entrusted wealth management, with a total investment amount not exceeding RMB 200 million [8] - The investment will focus on low-risk, liquid, and capital-preserving financial products, including those issued by banks and securities firms [10] - The investment period is valid for twelve months from the date of approval, with individual investments not exceeding twelve months [11] Group 3 - The company will hold its first temporary shareholders' meeting on February 5, 2026, using a combination of on-site and online voting [17] - The meeting will discuss various proposals that have been previously approved by the board of directors [20][21] - Shareholders can participate in the meeting through a designated online voting system, with specific voting times outlined [19] Group 4 - The company intends to apply for a credit limit of up to RMB 3 billion from banks and financial institutions for the year 2026 [69][70] - This credit will be used to support the operational and developmental needs of the company and its subsidiaries [69] - The authorization for this credit limit will be valid for twelve months from the date of approval by the shareholders' meeting [71]

Core Viewpoint - The company plans to utilize part of its temporarily idle raised funds for cash management to enhance the efficiency of fund usage and maximize shareholder returns while ensuring that the investment plans remain unaffected [3][20]. Investment Overview - **Investment Purpose**: The aim is to maximize shareholder interests by effectively utilizing temporarily idle raised funds for cash management without impacting the normal investment plans [3]. - **Investment Amount**: The company intends to use no more than RMB 100,000 million (including the principal) for cash management, with the funds being available for rolling use within this limit [4][13]. - **Funding Source**: As of June 30, 2025, the company has raised funds through its initial public offering, with specific amounts allocated to various projects [5][6]. Investment Method - **Investment Products**: The company plans to invest in high-safety, high-liquidity products, including but not limited to structured deposits, notice deposits, time deposits, large-denomination certificates of deposit, and income certificates [7][11]. - **Investment Duration**: The investment period is set for 12 months from the date of approval by the board of directors [8][13]. - **Implementation Method**: The board of directors has authorized the management team to handle the purchase of investment products, with the finance department responsible for organizing the implementation [9][13]. Cash Management Returns - The returns from cash management will be prioritized for supplementing any shortfall in investment amounts for projects and for the company's daily operational liquidity, adhering to regulatory requirements [10][21]. Recent Cash Management Situation - In the past 12 months, the company had previously approved the use of up to RMB 130,000 million for cash management, maintaining the same investment product criteria [11][12]. Review Procedures - The board of directors approved the cash management proposal on January 19, 2026, ensuring that it does not affect the normal operation of the investment plans [13][14]. Impact on the Company - The planned cash management will not affect the normal turnover of funds or the operation of investment projects, and it aims to improve fund efficiency and generate returns for shareholders [20]. Opinions of Intermediaries - The sponsor institution has confirmed that the cash management plan complies with legal procedures and regulations, ensuring that it does not alter the intended use of raised funds or negatively impact the company's main business [21][22].

Group 1 - The company held its fourth board meeting on January 16, 2026, with all seven directors present, and the meeting complied with relevant regulations [2] - The board approved a proposal to use up to RMB 150 million of idle funds from convertible bonds for cash management, with the decision-making authority granted to the chairman [2][43] - The proposal for cash management is aimed at improving fund utilization efficiency and maximizing shareholder returns [43][48] Group 2 - The board also approved a proposal to change the use of part of the funds raised for the "Sanyangma Multimodal Transport (Chongqing) Intelligent Application Base (Phase I)" project, allowing for additional uses such as third-party services [6][67] - The project has been completed and is now classified as fixed assets, with some areas expected to be underutilized [6][67] - The change in project use is intended to enhance asset efficiency and maximize shareholder interests [67][69] Group 3 - The company announced the first temporary shareholders' meeting for February 2, 2026, to review the approved proposals [10][15] - The meeting will allow for both on-site and online voting, with specific timeframes for participation [18][19] - Shareholders must register to attend the meeting, with detailed procedures provided [26][30] Group 4 - The company issued a performance forecast for 2025, indicating a projected net loss due to increased depreciation and operational costs from a subsidiary, as well as a decline in gross margins from domestic business [71][73] - The forecast is based on preliminary calculations and will be detailed in the annual report [72][74] - The company emphasizes compliance with disclosure regulations and encourages investors to make cautious decisions [74]

Core Viewpoint - The company has approved the use of up to 400 million RMB of temporarily idle raised funds for cash management and to store raised funds in the form of agreed deposits, effective for 12 months from the board's approval date [1][16]. Group 1: Fundraising Overview - The company raised a total of 2,208.98 million RMB from its initial public offering (IPO) by issuing 73 million shares at a price of 30.26 RMB per share, with a net amount of 2,128.60 million RMB after deducting issuance costs [1]. - The funds have been fully received as of May 31, 2023, and are stored in a dedicated account as per regulatory requirements [1]. Group 2: Fund Usage Plan - The company plans to use 450 million RMB of the raised funds to increase capital in its wholly-owned subsidiary, Meike Tianma, for the development and industrialization of a high-pressure efficient plunger pump and its intelligent control system [2]. Group 3: Cash Management Details - The purpose of cash management is to enhance the efficiency of fund usage while ensuring that it does not affect the construction of investment projects [3]. - The cash management products will include low-risk options such as structured deposits, time deposits, large certificates of deposit, and broker yield certificates, with a maximum term of 12 months [4][6]. - The cash management will be authorized to the management team, who will oversee the execution and decision-making process [7]. Group 4: Agreed Deposit Storage - The company will store the remaining balance of raised funds in agreed deposits to increase storage returns while ensuring that it does not affect the normal implementation of investment projects [10]. Group 5: Impact on Daily Operations - The use of temporarily idle raised funds for cash management will not affect the normal progress of investment projects and is expected to improve overall company performance and shareholder returns [11][12]. Group 6: Compliance and Oversight - The company will comply with relevant regulations and ensure timely information disclosure regarding cash management activities [8][15]. - The sponsor has confirmed that the cash management plan adheres to legal procedures and will not impact the company's investment plans [17].

Core Viewpoint - The company plans to continue using part of its idle raised funds for cash management and to store the remaining raised funds in a time deposit manner, ensuring that these actions do not affect the progress of investment projects or the company's normal operations [3][13]. Fundraising Basic Situation - The company raised a total of RMB 4,499,999,977.60 by issuing 181,451,612 shares at RMB 24.80 per share, with a net amount of RMB 4,496,949,561.34 after deducting issuance costs [2]. Cash Management Plan - The company aims to improve the efficiency of fund usage and increase financial returns by using idle raised funds for cash management, while ensuring that it does not impact the construction progress of investment projects [3][10]. - The company plans to invest in low-risk, highly liquid cash management products with a maturity of no more than 12 months, including fixed deposits and large certificates of deposit [4]. - The maximum amount for cash management is set at RMB 1.9 billion, with a validity period of 12 months from the board's approval [5]. Implementation and Oversight - The board authorizes the management to make investment decisions within the specified limits and to sign relevant documents, ensuring compliance with regulatory requirements [6][9]. - The company will manage the income from cash management strictly according to regulatory guidelines [8]. Impact on Daily Operations - The use of idle funds for cash management is expected to enhance fund efficiency and shareholder returns without affecting the company's normal operations or investment project progress [10][15]. Independent Financial Advisor's Opinion - The independent financial advisor confirms that the company's actions regarding cash management and time deposits do not affect the normal progress of investment projects and comply with relevant regulations [17].