Core Viewpoint - The company plans to utilize idle funds from convertible bonds for cash management, aiming to enhance the efficiency of fund usage and generate financial returns for shareholders [2][4][12]. Investment Overview - **Investment Purpose**: The company intends to manage idle funds from convertible bonds without affecting the safety and intended use of the raised funds, thereby maximizing financial returns [4]. - **Investment Amount**: The amount allocated for cash management is RMB 100 million [4]. - **Funding Source**: The funds for this investment come from idle proceeds of the convertible bonds, which were approved by the China Securities Regulatory Commission and raised a total of RMB 600 million [5]. Investment Details - **Investment Type**: The company will invest in low-risk financial products with high liquidity [2][11]. - **Investment Method**: The cash management does not involve structured arrangements and does not constitute related-party transactions [8]. Recent Developments - The company has made changes to the use of some convertible bond proceeds, reducing the investment scale of the original project and postponing its timeline, while introducing new projects [6][7]. - As of September 30, 2025, the original project had a progress rate of 25.54%, and the new projects have not yet utilized the raised funds [7]. Impact on the Company - The cash management initiative is expected to improve investment returns and fund usage efficiency without impacting the company's main business operations or the progress of investment projects [12]. - The amount of RMB 100 million allocated for cash management is not expected to significantly affect the company's future operations, financial status, or cash flow [12]. Regulatory Compliance - The company has followed necessary approval procedures for the cash management initiative, ensuring compliance with relevant regulations and maintaining the integrity of the investment projects [12].

Core Viewpoint - The company has announced a significant adjustment to its investment project, reducing the total investment and expected operational timeline due to external macroeconomic changes and industry trends [1] Investment Project Adjustment - The total investment for the "Zhejiang Huzhou Nanxun Rongtai Massage Chair Manufacturing Base Project" has been changed from 614.26 million yuan to 351.72 million yuan [1] - The planned use of raised funds has been adjusted from 593.98 million yuan to 351.72 million yuan [1] - The expected operational status has been postponed from December 2025 to December 2026 [1] Reasons for Adjustment - The adjustments are attributed to slower-than-expected land approval processes, weak market consumption, and intensified industry competition [1] - The original production capacity plan is no longer suitable for the current market environment [1] Production Capacity Changes - After the project delay, the designed production capacity has been reduced from 300,000 units per year to 150,000 units [1] - The constructed factory will be utilized for existing production and new investment projects [1] Impact on Business Operations - The adjustments will not affect the normal operation of the company's main business [1] - The changes are expected to enhance the efficiency of fund utilization and investment returns, thereby strengthening the company's core competitiveness [1] - The adjustments align with the company's medium to long-term development goals [1] Approval Process - The changes will need to be submitted for approval at the shareholders' meeting [1]