Core Viewpoint - Dongguan Qunshang Optoelectronics Co., Ltd. has approved the use of idle funds for cash management, allowing for the investment of up to 1 billion yuan of idle self-owned funds and up to 600 million yuan of idle raised funds in bank wealth management products [1] Group 1: Cash Management Approval - The company held a board meeting on April 21, 2025, and a shareholder meeting on May 14, 2025, to approve the cash management proposal [1] - The cash management products will have a maximum purchase term of 12 months and can be rolled over within the approved limits until the next annual shareholder meeting [1] Group 2: Recent Investment Activities - Recently, the company has utilized 120 million yuan of idle self-owned funds and 230.48 million yuan of idle raised funds for cash management [1] Group 3: Impact on Company Operations - The investment in bank wealth management products will not affect the normal operation and cash flow needs of the company and its subsidiaries [5] - The strategy aims to enhance the efficiency of fund utilization and generate investment returns for shareholders [5]

Group 1 - The company has initiated arbitration against Aidi Education Acquisition (Cayman) Limited due to overdue payment obligations, resulting in the freezing of assets valued at RMB 400 million by the Ningbo Intermediate People's Court [1][2] - The Ningbo Intermediate People's Court has extended the freezing period of the company's accounts at CITIC Bank for an additional year, affecting deposits amounting to RMB 63.9982 million [2] - The frozen accounts are solely used for the storage and management of raised funds, and do not impact the company's daily operations [2] Group 2 - The company is actively participating in the legal proceedings to protect its legitimate rights and interests, although it cannot currently assess the impact on its profits due to the ongoing arbitration [2] - The company has no ongoing fundraising projects, and all idle raised funds are stored in designated accounts or managed in cash as per regulations [2] - The company will continue to monitor the situation closely and fulfill its information disclosure obligations in a timely manner [2]