Core Viewpoint - The company plans to utilize up to 2.4 billion yuan of temporarily idle raised funds for cash management, with a validity period of 12 months, allowing for rolling use of the funds [1] Group 1: Fund Management - The board of directors approved the use of idle funds from a specific A-share issuance in 2022, totaling 3.777 billion yuan raised, with a net amount of 3.745 billion yuan as of June 30, 2025 [1] - The company intends to invest in capital-preserving products, ensuring that the investment does not affect the implementation of fundraising projects [1] Group 2: Financial Strategy - The priority of the returns will be to replenish project funds and supplement working capital, with the funds to be returned to a designated account upon maturity [1]

Core Viewpoint - The company announced that its wholly-owned subsidiary will utilize 50 million yuan of idle raised funds for cash management, investing 30 million yuan in CITIC Securities income certificates and 20 million yuan in structured deposits at CITIC Bank's Qingdao branch, both of which are principal-protected floating income products [1] Group 1 - The board and supervisory board approved the use of up to 220 million yuan of idle raised funds for cash management within 12 months [1] - As of June 30, the progress of the company's fundraising projects varies, and this investment will not affect the implementation of these projects [1] - The investment aims to improve the efficiency of fund utilization and potentially enhance performance [1]

Core Viewpoint - Jiangsu Changqing Tree New Materials Technology Co., Ltd. plans to use 49 million yuan of temporarily idle raised funds to purchase structured deposits from Bank of China, Zhenjiang Dagang Branch, with a term of 87 days, starting from September 30 and maturing on December 26 [1] Group 1 - The company previously had a structured deposit of the same amount that matured on September 26, yielding an actual return of 45,100 yuan [1] - On April 11, the company approved a proposal to use up to 550 million yuan of idle raised funds for cash management, valid for 12 months [1] - Although the investment is in a principal-protected product, there are still market volatility risks, and the company has implemented multiple risk control measures [1] Group 2 - The investment is believed to not affect daily operations and fundraising projects, while improving capital efficiency and benefiting shareholders [1]

Group 1 - The independent directors of Shanghai Sinan Navigation Technology Co., Ltd. held their second meeting of 2025 on August 28, 2025, via communication voting, with all three directors present [1][2] - The main agenda was to discuss the proposal for using temporarily idle raised funds for cash management, with a maximum amount of RMB 320 million, which complies with relevant regulations and does not affect the normal implementation of investment projects [1] - The independent directors unanimously agreed to the proposal, with a voting result of 3 in favor, 0 against, and 0 abstentions, and decided to submit it for board review [1]