Overview - The company plans to use idle raised funds amounting to 220 million yuan for cash management through safe and liquid wealth management products to enhance fund utilization efficiency and increase returns for the company and its shareholders [1][2][3] Cash Management Details - The cash management amount is set at 220 million yuan [2] - The funds are sourced from the net proceeds of the company's initial public offering, which totaled 784.1733 million yuan after deducting issuance costs [2] - The cash management will involve investments in high-security, liquid principal-protected financial products, ensuring compliance with regulations and not affecting the normal operation of fundraising projects [3][4] Investment Products - The company will invest in various financial products, including: - A wealth management product from Shenwan Hongyuan Securities with a projected annualized return of 3.00% [2] - A wealth management product from CITIC Securities with a projected annualized return of 2.50% [3] - A structured deposit from Bank of Qingdao with a projected return of 2.15% [3] - The investment period for these cash management activities is valid for 12 months from the board's approval date [3] Approval Process - The cash management proposal was approved during the sixth meeting of the third board of directors and the fifth meeting of the third supervisory board on April 17, 2025 [3][4] Financial Impact - As of March 31, 2025, the company's cash balance was 1.2779877 billion yuan, and the investment of 220 million yuan represents 17.21% of the total cash balance, indicating that it will not significantly impact the company's main business or financial status [6] - The cash management is expected to improve the overall performance of the company and provide additional returns to shareholders [6]