Core Points - The company has approved the use of up to RMB 300 million of idle raised funds for cash management, with specific allocations for "Jing 20 Convertible Bonds" and "Jing 23 Convertible Bonds" [1][16] - The purpose of this cash management is to enhance the efficiency of fund usage while ensuring the safety of the raised funds and not affecting the implementation of investment projects [1][14] - The funds for this investment are entirely sourced from temporarily idle raised funds [2] Summary by Sections 1. Overview of the Financial Management - The company and its subsidiary, Zhuhai Jingwang, will use up to RMB 30 million of idle raised funds for cash management, with a maximum of RMB 5 million from "Jing 20 Convertible Bonds" and RMB 25 million from "Jing 23 Convertible Bonds" [1][16] - The usage period is valid for 12 months from the date of board approval, allowing for rolling use of funds within the specified limits [1][16] 2. Source of Funds - The funds for the financial management are entirely from temporarily idle raised funds [2] 3. Basic Information on Raised Funds - The company issued "Jing 20 Convertible Bonds" on August 24, 2020, raising a total of RMB 178 million, with a net amount of RMB 176.02 million after expenses [2] - The company also issued "Jing 23 Convertible Bonds" on April 4, 2023, raising a total of RMB 115.4 million, with a net amount of RMB 113.96 million after expenses [3] 4. Details of the Financial Products - The company has subscribed to structured deposit products from Bank of China, with a total investment of RMB 160 million [5] - The structured deposits have varying terms of 35 days and 37 days, with expected annualized returns ranging from 0.84% to 2.08% depending on market conditions [8][12] 5. Risk Control Measures - The company adheres to prudent investment principles, selecting reputable and capable institutions for investment products [6] - An internal audit department will oversee the use and custody of funds, ensuring compliance and timely reporting to the board [6][7] 6. Impact on Investment Projects - The cash management of idle raised funds will not affect the normal operation of investment projects or the use of raised funds, ensuring compliance with regulations [14][17] 7. Trustee Information - Bank of China, a publicly listed company, serves as the trustee for the structured deposits, with no related party relationships with the company [15]