Group 1 - The company has approved the use of up to RMB 400 million of temporarily idle raised funds for cash management, effective for 12 months starting from January 19, 2026 [1] - The company has redeemed RMB 180 million of principal from financial products, earning cash management income of RMB 1,612,334.50, which has been deposited into the special account for raised funds [3] - The company has invested in various financial products, including RMB 8 million in a 36-month large deposit certificate and RMB 1 million in a guaranteed income financial product from Ningbo Bank [2][4] Group 2 - The company’s subsidiaries have successfully re-certified as high-tech enterprises, which will allow them to enjoy tax benefits for three consecutive years from 2025 to 2027 [12][13] - This recognition reflects the subsidiaries' technological capabilities and innovation, enhancing the company's overall competitiveness and strategic development [14]

Core Viewpoint - The company has approved the use of up to RMB 450 million of temporarily idle raised funds for cash management, effective from January 19, 2025, for a period of 12 months [1] Group 1: Cash Management Implementation - The company has invested RMB 80 million in a fixed-term deposit product from Industrial and Commercial Bank of China with a 3.10% expected annual yield [3] - Additionally, RMB 30 million was invested in a fixed-term deposit product from Ningbo Bank with a 3.3% expected annual yield [5] - The total principal of RMB 110 million from these investments was redeemed, yielding a cash management return of RMB 3,374,151.18, which has been deposited into the designated fund account [2] Group 2: Impact on Company Operations - The cash management initiative will not affect the construction of projects funded by the raised capital or the normal operations of the company, ensuring the safety of the principal [8] - This strategy aims to enhance the efficiency of idle raised funds and generate investment returns, ultimately benefiting the company's performance and shareholder returns [8] Group 3: Previous Cash Management Activities - As of the announcement date, all matured financial products have been successfully redeemed, and the remaining balance of unused raised funds for cash management is RMB 350 million, which is within the authorized limit [9]