Core Viewpoint - The company is utilizing part of its temporarily idle raised funds for cash management to enhance returns without affecting the construction of investment projects and normal operations [1][2][7]. Summary by Sections Cash Management Overview - The purpose of cash management is to reasonably utilize idle raised funds to increase returns for the company and its shareholders [2]. - The cash management amount is RMB 200 million, with products including Citic Securities' An Tai Bao Ying Series 1096 Yield Certificate (315 days) and An Xiang Xin Qu Series 2701 Yield Certificate (63 days) [1][5]. Fund Sources - The raised funds were obtained through a specific stock issuance of 54,388,597 shares at RMB 13.33 per share, totaling approximately RMB 725 million, with net proceeds after issuance costs being around RMB 711 million [2][3]. Cash Management Products - The cash management products include floating yield certificates and fixed yield certificates, which are characterized by high safety and liquidity [6][7]. - The expected annualized yield for the An Tai Bao Ying Series 1096 is between 0.0875% and 2.70%, while the An Xiang Xin Qu Series 2701 has an expected yield of 1.55% to 1.63% [5][6]. Impact on the Company - The cash management will not affect the normal operation of investment projects or the company's main business, and it aims to improve the returns on idle funds [7]. - The cash management principal will be recorded as trading financial assets on the balance sheet, with interest income reflected in the profit and loss statement [7]. Approval Process - The cash management plan was approved in meetings held on April 24, 2025, and at the annual shareholders' meeting on May 16, 2025, allowing the company to use up to RMB 550 million for cash management within a 12-month period [7][9]. Current Status - As of the announcement date, the company has utilized RMB 400 million for cash management, with no overdue amounts and within the authorized limits [9].