Core Viewpoint - The company has approved the use of temporarily idle raised funds for cash management, allowing for investment in low-risk, liquid financial products to enhance fund efficiency and returns [2][10][20]. Group 1: Fund Management Approval - The company held its 18th board meeting and 13th supervisory meeting on October 27, 2024, where it approved the use of up to RMB 30 million of temporarily idle raised funds for cash management [2][7][16]. - The cash management will involve purchasing safe and liquid principal-protected financial products, including structured deposits and time deposits, with a validity period of 12 months from the approval date [2][11][12]. Group 2: Cash Management Implementation - The company has executed a cash management transaction by purchasing a structured deposit product worth RMB 40 million through Huaxia Bank, which has since been redeemed, returning the principal and earnings to the raised funds account [3][4][6]. - The cash management products are intended to be low-risk and will not affect the company's main business operations or the normal progress of fundraising projects [10][14][20]. Group 3: Fundraising Overview - The company raised a total of RMB 677.33 million through its initial public offering, with a net amount of RMB 570.75 million after deducting underwriting fees and other expenses [9][10]. - The funds are managed under a three-party supervision agreement to ensure proper storage and usage, safeguarding investor interests [9][10].