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]