Core Viewpoint - The company reported a provision for asset impairment totaling 48,241,458.90 yuan for the first three quarters of 2025, which will reduce the total profit for the same period by the same amount [10][13]. Financial Data - The financial data for the first three quarters of 2025 has not been audited by an accounting firm [9]. - The company has recognized a credit impairment loss of 43,913,670.54 yuan during the first nine months of 2025 [10]. - Inventory impairment provision amounted to 304,344.35 yuan, while a reversal of contract asset impairment provision was recorded at 4,023,444.01 yuan [11][12]. Shareholder Information - The company confirmed that there were no changes in the number of shareholders or significant shareholders participating in the securities lending business [4]. Cash Management - The company plans to use up to 900 million yuan of temporarily idle raised funds for cash management, ensuring the safety of the raised funds and the normal operation of investment projects [15][18]. - A special settlement account for cash management of raised funds has been designated to improve the efficiency of fund utilization [16]. Investor Communication - An investor performance briefing is scheduled for November 6, 2025, to discuss the third-quarter results and address investor inquiries [20][22]. - The meeting will be held online, allowing investors to submit questions in advance [25].

Core Viewpoint - The company plans to use up to RMB 700 million of idle raised funds for cash management, ensuring that it does not affect the implementation of investment projects and the safety of the raised funds [9][25][27] Financial Data - The financial reports for the third quarter are unaudited, and the company has confirmed the accuracy and completeness of the financial information [3][2] - As of September 30, 2025, the company has a repurchase account holding 5,199,548 shares, accounting for 1.25% of the total share capital [5] Fund Management - The company will use the idle funds to purchase high-security, liquid investment products from qualified financial institutions, including but not limited to large deposits, structured deposits, and cash management products [9][15] - The investment period for the cash management is valid for 12 months from the board's approval date, and the funds can be rolled over within this limit [16][20] Approval Process - The board of directors has authorized the management to make investment decisions within the approved limits and duration, including selecting financial institutions and signing relevant contracts [10][25] - The company’s sponsor, CITIC Securities, has provided a clear verification opinion on this matter [11][27] Investment Purpose - The purpose of using idle funds for cash management is to enhance the efficiency of fund utilization and increase company returns while ensuring the normal operation of investment projects [14][20] Risk Control Measures - The company will implement strict risk control measures, including regular monitoring of investment products and maintaining confidentiality regarding financial transactions [22][24]

Core Points - The company Jinpu Garden Co., Ltd. held its 28th meeting of the 5th Board of Directors on October 27, 2025, where two key resolutions were unanimously approved [2][3] - The approved resolutions include the 2025 Q3 report and a proposal to manage part of the temporarily idle raised funds for cash management [3][4] Meeting Overview - The meeting was conducted in a hybrid format at the company's conference room in Nanjing, with all 9 directors present, ensuring compliance with legal and procedural requirements [2] - The meeting was chaired by Chairman Wang Yisen, with senior management in attendance [2] Resolution Details - The 2025 Q3 report was reviewed and approved by the Board's Audit Committee prior to the meeting, with a unanimous vote of 9 in favor [3] - The proposal for cash management of idle funds was also approved unanimously, following dual review processes by the Audit Committee and independent directors [3][4] Documentation - The meeting's documentation includes resolutions from the Board, the independent directors' special meeting, and the Audit Committee's meeting, along with verification opinions from Changjiang Securities [4] - Market analysis suggests that the approval of these resolutions will help the company standardize information disclosure and optimize the management of raised funds [4]

Core Viewpoint - The company has approved the use of temporarily idle raised funds for cash management, ensuring that it does not affect the normal implementation of investment projects or the safety of the raised funds [9][27]. Financial Data - The company reported that the financial statements for the third quarter of 2025 have not been audited [1]. - The company confirmed that the financial information in the quarterly report is true, accurate, and complete [5]. Shareholder Information - The company disclosed the total number of ordinary shareholders and the situation of the top ten shareholders [2]. Cash Management Plan - The company plans to use up to RMB 90 million of temporarily idle raised funds for cash management, with a usage period of up to 12 months [9][22]. - The cash management will involve investing in high-security, high-liquidity, and capital-preserving products, including but not limited to guaranteed financial products, structured deposits, large certificates of deposit, and time deposits [7][17]. Meeting Resolutions - The fifth session of the board of supervisors approved the proposal regarding the third-quarter report, confirming its compliance with relevant laws and regulations [5][6]. - The board of supervisors also approved the cash management proposal, ensuring it does not affect the company's normal operations or investment projects [7][28]. Risk Control Measures - The company will strictly follow relevant regulations and select reputable investment products to manage risks effectively [25][27].

Core Viewpoint - The company has announced its third-quarter financial report for 2025, ensuring the accuracy and completeness of the information disclosed, and plans to hold an earnings briefing to address investor inquiries [7][9][56]. Financial Data - The third-quarter financial report is unaudited, covering the period from the beginning to the end of the quarter [3]. - The company reported that there were no significant changes in major accounting data and financial indicators during the reporting period [5]. Cash Management - The company plans to use up to RMB 150 million of temporarily idle raised funds for cash management, ensuring that this does not affect the normal operation of fundraising projects [13][58]. - The funds will be invested in safe, liquid principal-protected products, including but not limited to large time deposits and structured deposits, with a usage period of up to 12 months [14][58]. - The board of directors has authorized the chairman and financial officer to make investment decisions within the specified limits and duration [19][58]. Stock Incentive Plan - The company has approved a stock incentive plan, granting 550,000 restricted shares to 56 recipients at a price of RMB 26.42 per share, which represents approximately 0.62% of the company's total share capital on the grant date [29][30]. - The grant date for the restricted shares is set for October 24, 2025, and the plan is designed to motivate key personnel and align their interests with those of shareholders [29][39]. Board Meeting Decisions - The board of directors convened on October 24, 2025, to review and approve the third-quarter report and the cash management plan, with all members present voting in favor [55][60]. - The board confirmed that the third-quarter report accurately reflects the company's financial status and operational results, with no misleading statements or omissions [55][56].

Core Viewpoint - Longpan Technology (02465) plans to utilize idle funds from a non-public stock issuance, not exceeding 600 million yuan, for cash management to maximize shareholder value [1] Group 1 - The company aims to improve the efficiency and yield of the raised funds while ensuring that the cash management does not affect the construction of investment projects [1] - The total amount for entrusted financial management is 86 million yuan [1]

Group 1 - The company has established a special settlement account for managing temporarily idle raised funds through financial products [1] - All financial products purchased through the special settlement account have matured and been redeemed, leading to the account's cancellation [1] - The cancellation of the account has been completed in accordance with relevant regulations [1]

Core Viewpoint - The company plans to utilize part of its temporarily idle raised funds for cash management by investing in structured deposits to enhance the efficiency of fund usage and maximize shareholder value [2][6]. Group 1: Investment Details - Investment Type: Structured deposits [2] - Investment Amount: 180 million RMB [2][7] - Investment Purpose: To improve the efficiency of raised funds and ensure the safety of the funds while not affecting the company's project implementation [6][12]. Group 2: Approval and Procedures - The board of directors approved the cash management proposal on August 13, 2025, allowing the use of up to 225 million RMB of idle raised funds [2][10]. - The investment decision does not require shareholder approval and has received consent from the sponsoring institution [10]. Group 3: Fund Management and Source - The funds are sourced from the proceeds of the company's initial public offering, which raised a net amount of 814.4481 million RMB [8]. - The company has established a dedicated account for managing the raised funds, ensuring compliance with regulatory requirements [8]. Group 4: Investment Execution - The company purchased a structured deposit product from Bank of Communications with a term of 80 days, ensuring it meets the criteria of high safety and liquidity [8][9]. - The investment will be accounted for under "bank deposits" and "trading financial assets," with returns recorded as "investment income" [12]. Group 5: Risk Management - The company emphasizes risk control in its investment decisions, maintaining close communication with the bank to monitor the structured deposit's progress [11]. - The investment is categorized as low-risk, but the company remains vigilant regarding potential market fluctuations and economic conditions [11].

Core Viewpoint - The company has approved the use of temporarily idle raised funds for cash management, ensuring that it does not affect the implementation of investment projects and guarantees the safety of the raised funds [2][7]. Group 1: Cash Management Account - The company has opened a special settlement account for cash management of raised funds at Ping An Securities Co., Ltd. Zhejiang Branch [4]. - The account will be used exclusively for the settlement of cash management products purchased with temporarily idle raised funds and will not be used for non-raised funds or other purposes [4]. Group 2: Fund Management and Investment - The company plans to use up to RMB 100 million (approximately 10 million) of temporarily idle raised funds for cash management, investing in safe, liquid, and guaranteed principal investment products [2]. - The investment products include structured deposits, agreement deposits, notice deposits, time deposits, large certificates of deposit, and income certificates [2]. - The funds can be rolled over within the approved limit, and the usage period is valid for 12 months from the date of approval by the board and supervisory committee [2][3]. Group 3: Risk Control Measures - The company will strictly follow relevant laws, regulations, and internal management systems when conducting cash management activities [5]. - The finance department will select suitable financial products based on the progress of investment projects and will conduct audits before submission for approval [5]. - An account will be established to manage financial products, and any potential risks to the safety of raised funds will be addressed promptly [5][6]. Group 4: Impact on the Company - The establishment of the cash management account and the planned use of temporarily idle raised funds will not change the purpose of the raised funds and will not affect the normal construction of investment projects [7]. - This cash management initiative is expected to generate certain investment returns, improve the efficiency of fund utilization, and benefit the company and all shareholders [7].

Core Viewpoint - The company has established a special settlement account for cash management of temporarily idle raised funds, aiming to enhance the efficiency of fund utilization while ensuring the safety of the raised funds [2][3]. Group 1: Establishment of Special Account - The company and its subsidiary, Jiangsu Hanhua Technology Co., Ltd., have opened a special settlement account for cash management of temporarily idle raised funds [3]. - The account will be exclusively used for cash management and will not hold non-raised funds or serve other purposes [3]. Group 2: Cash Management Plan - The company plans to use up to RMB 398 million (39,800.00 thousand) of temporarily idle raised funds for cash management, investing in safe and liquid principal-protected products [2]. - The funds can be used on a rolling basis within a validity period of 12 months from the board's approval [2]. Group 3: Risk Control Measures - The company will adhere to relevant regulations and guidelines when managing cash, ensuring compliance with the rules governing raised funds [4]. - A prudent investment principle will be followed, selecting products from reputable issuers to safeguard fund security [4]. - The finance department will monitor investment products and take necessary measures if risks are identified [4]. Group 4: Impact on the Company - The cash management initiative will not affect the implementation of fundraising projects or the normal operation of the company, ensuring no change in the use of raised funds [5]. - This strategy aims to improve the efficiency of fund utilization and increase returns for the company and its shareholders [5].