Group 1 - The company held its 19th meeting of the 5th board of directors on July 21, 2025, with all 7 directors present, confirming the legality and validity of the meeting [1] - The board approved a resolution to invest in Cangqiong Digital, indicating a strategic move towards financial investment and exploration of emerging business opportunities [2] - The company plans to increase its investment in Cangqiong Digital by 50 million RMB, acquiring a 2.5641% equity stake post-investment, subject to approval from Cangqiong Digital's shareholders [2]

Core Viewpoint - The company has approved the use of idle raised funds and self-owned funds for cash management, with a total limit of RMB 166,000 million, to enhance fund utilization efficiency and increase company revenue [1][2]. Group 1: Cash Management Details - The company will use up to RMB 16,000 million of idle raised funds and up to RMB 150,000 million of idle self-owned funds for cash management, effective for 12 months from the date of shareholder meeting approval [1]. - As of the announcement date, the company has no outstanding cash management products using idle raised funds, while the amount using idle self-owned funds is RMB 85,089.90 million, which is within the approved limits [5]. Group 2: Decision-Making Process - The decision to use idle funds for cash management was approved by the company's board of directors, supervisory board, and a temporary shareholders' meeting, with the sponsor institution providing a non-objection opinion [2]. Group 3: Impact on the Company - The cash management initiative is in compliance with relevant laws and regulations, ensuring the safety of raised funds and supporting the company's normal operations, ultimately benefiting shareholders by enhancing fund value [4][5].