Core Insights - Rongtai Health has entered a strategic partnership with Shanghai Aoshark Intelligent Technology, marking a significant step in integrating health technology with exoskeleton technology [1][2] - The collaboration aims to explore the potential of "human-machine symbiosis" and promote the popularization of exoskeleton technology in public health scenarios [1] - Rongtai Health has invested 20.6 million yuan in Aoshark Intelligent, indicating a commitment to deepening their partnership [1] Company Overview - Rongtai Health has been in the health industry for 28 years and has sold over 3 million massage chairs globally, reaching more than 80 countries and regions [1] - The company is focused on building a "big health ecosystem" through strategic collaborations [1] Aoshark Intelligent Overview - Aoshark Intelligent is a leading company in the consumer-grade exoskeleton field in China, known for its advanced technology and performance in major events like the Hangzhou Asian Games [1] - The company offers a diverse product line that includes upper limb, waist, lower limb, and full-body exoskeletons [1] Future Collaboration Plans - Rongtai Health plans to leverage its manufacturing and market channel advantages to collaborate with Aoshark Intelligent in after-sales service, production, and other areas [2] - The partnership will focus on three core areas: technological health, industry applications, and technological research and development [2]

Core Viewpoint - The company is utilizing idle funds from convertible bonds for cash management to enhance financial returns while ensuring the safety and intended use of the raised funds [1][5]. Summary by Sections Cash Management Overview - The purpose of cash management is to maximize the efficiency of the raised funds and provide better financial returns for the company and its shareholders, without affecting the safety and intended use of the funds [2][5]. - The amount used for cash management is RMB 30 million, invested in a high-security, liquid, low-risk large-denomination certificate of deposit [2][3]. - The funds are sourced from the public issuance of convertible bonds, which raised a total of RMB 600 million, with a net amount of RMB 593.98 million after expenses [2][3]. Investment Details - The investment type is a large-denomination certificate of deposit, with an investment amount of RMB 30 million and a maximum holding period of 12 months [3][4]. - The company has received approval from its board and supervisory board for the cash management plan, allowing the use of up to RMB 450 million of idle funds for safe and liquid financial products [3][5]. Impact on the Company - The cash management initiative is expected to improve the company's investment returns and fund utilization efficiency without impacting its main business operations or the progress of investment projects [5][6]. - The company does not have significant debt obligations that would affect its ability to manage these funds effectively [6].