Core Viewpoint - The company plans to utilize part of its temporarily idle self-owned funds for cash management through low-risk financial products, aiming to enhance fund efficiency and reduce financial costs while ensuring daily operations and fund safety [3][4][6]. Investment Overview - Investment Type: Short to medium-term, high liquidity, high safety, low-risk financial products [2]. - Investment Amount: 100 million yuan [2][4]. - Source of Funds: The funds are sourced from temporarily idle self-owned capital [4]. - Investment Duration: The financial products will have a duration of 181 days [5]. Approval Process - The proposal for cash management using idle funds was approved during the 20th meeting of the third board of directors on April 29, 2025, and has also been reviewed by the supervisory board and the annual shareholders' meeting [2][6]. Risk Management - The board has authorized the chairman to make investment decisions and sign relevant contracts, including selecting qualified financial institutions and defining investment amounts and products [7]. - The finance department is responsible for implementation and monitoring of the investment, with quarterly reviews of all financial product investments [8]. Impact on the Company - The cash management initiative will not affect the company's daily cash flow needs or the normal development of its main business, while also providing potential investment returns to enhance overall performance [8].

Core Viewpoint - The company plans to utilize part of its temporarily idle self-owned funds for cash management through low-risk financial products, aiming to enhance fund efficiency and reduce financial costs while ensuring daily operations and fund safety [3][4][8]. Investment Overview - Investment Type: Short to medium-term, high liquidity, high safety, low-risk financial products [2]. - Investment Amount: 100 million yuan [2][4]. - Source of Funds: The funds are sourced from temporarily idle self-owned capital [4]. - Investment Duration: The financial products will have a duration of 181 days [5]. Approval Process - The proposal for cash management using idle funds was approved during the 20th meeting of the third board of directors on April 29, 2025, and has also been reviewed by the supervisory board and the annual general meeting of shareholders [2][6]. Risk Management and Control Measures - The board of directors has authorized the chairman to make investment decisions and sign relevant contracts, including selecting qualified financial institutions and defining investment amounts and products [7]. - The finance department is responsible for implementation and monitoring of the investment, with quarterly reviews of all financial product investments [8]. Impact on the Company - The cash management initiative will not affect the company's daily cash flow needs or the normal development of its main business. It aims to generate investment returns that will enhance overall performance and provide better returns for the company and its shareholders [8].

Core Viewpoint - The company plans to utilize idle self-owned funds not exceeding 400 million yuan for cash management to enhance the efficiency and returns of its own funds [1] Investment Details - Investment Amount: Up to 400 million yuan, with funds available for rolling use within the limit [1] - Source of Funds: Temporarily idle self-owned funds [1] - Type of Investment: High safety, good liquidity, and low-risk financial products [1] - Investment Period: Valid for 12 months from the date of approval by the board meeting on August 28, 2025 [1][2] Approval Process - The company held its second board meeting on August 28, 2025, where the proposal for cash management using self-owned funds was approved, and it does not require submission to the shareholders' meeting [2] Risk Analysis and Control - Despite the focus on high safety and low-risk products, the company acknowledges potential market volatility, interest rate changes, liquidity issues, policy shifts, information transmission, and force majeure risks that could affect returns [3] - Risk control measures include strict adherence to prudent investment principles, tracking investment progress, and allowing independent directors and the audit committee to supervise fund usage [3] Impact on the Company - The company asserts that using part of its idle self-owned funds for cash management will not affect daily cash flow or core business development, and it aims to improve fund efficiency, generate investment returns, and reduce financial costs [4] - The purchased financial products will be processed according to relevant accounting standards, potentially impacting certain items in the balance sheet and income statement, subject to the annual audit results [4]