Core Insights - A new company, Weipule (Shanghai) Amusement Equipment Co., Ltd., has been established with a registered capital of 1 million RMB [1] Company Overview - The legal representative of the company is Sun Mingguang [1] - The company’s business scope includes the sale of amusement equipment for outdoor amusement parks, retail of sports goods and equipment, and sales of toys, animation, and gaming products [1] - Additional activities include the sale of office supplies, daily necessities, consulting and planning services, professional design services, and retail of hardware products [1] Industry Activities - The company is also involved in the sale of mechanical and electrical equipment, electronic products, building materials, rubber products, plastic products, and arts and crafts [1] - It has the capability for import and export of goods and technology, operating independently within the scope of its business license [1]

Core Viewpoint - The company has approved the use of idle raised funds for cash management, allowing investments in high-security, liquid financial products to enhance fund utilization efficiency and generate returns [1][2]. Group 1: Fund Management Approval - The company and its subsidiaries are authorized to use up to RMB 20 million from idle funds raised through public offerings for cash management, with a specific focus on safe and liquid products [1]. - The authorization period for these investments is set for 12 months starting from January 20, 2025, and the investment amount can be reused within this period without further resolutions [1]. Group 2: Investment Progress - Recently, the company successfully recovered RMB 47 million from a structured deposit with China Construction Bank, earning a total return of RMB 82,300, which has been deposited back into the fundraising account [2]. - The company has also invested RMB 45 million in another structured deposit with China Construction Bank, with an expected annualized return of 2.50% [2]. Group 3: Risk Control Measures - The company has established procedures for the approval and execution of purchasing financial products to ensure effective and compliant operations, safeguarding the normal use of raised funds [3]. - Regular evaluations of potential risks and returns from investments will be conducted, with reports submitted to the board's audit committee [3]. Group 4: Impact on Daily Operations - The use of idle funds for cash management is designed to not affect the company's normal operations or fundraising investment plans, aiming to improve fund efficiency and yield without harming shareholder interests [3].