Core Viewpoint - Jiangxi Chenguang New Materials Co., Ltd. has approved the continued use of idle raised funds for cash management, with a maximum limit of 250 million yuan, ensuring that it does not affect the construction and use of raised funds for investment projects [1][18]. Summary by Sections Basic Situation - The company held meetings on August 14, 2025, to approve the use of idle raised funds for cash management, allowing for the purchase of high-security, liquid investment products with principal protection agreements [1][18]. Fund Source - The funds used for this cash management will come from the company's idle raised funds [3]. Fundraising Overview - The company raised a total of 605.36 million yuan through the issuance of 46 million shares at a price of 13.16 yuan per share, with a net amount of 560.13 million yuan after deducting issuance costs [4]. Cash Management Product Overview - The company will select investment products that are high in security and liquidity, ensuring that the investment does not change the purpose of the raised funds and does not affect the normal operation of investment projects [13]. Internal Control Measures - The company will implement strict internal controls, including selecting investment products with a term not exceeding 12 months, maintaining an investment ledger, and conducting regular audits to ensure fund safety [10][11]. Impact on Daily Operations - The continued use of idle raised funds for cash management will not affect the normal construction of investment projects or the company's main business, while also improving fund efficiency and potentially increasing investment returns for shareholders [15].

Core Viewpoint - The company has approved the continued use of idle raised funds for cash management, allowing a maximum of 250 million RMB to be invested in safe and liquid financial products, ensuring that it does not affect the construction of fundraising projects [1][18]. Summary by Sections Basic Information - Jiangxi Chenguang New Materials Co., Ltd. plans to use up to 250 million RMB of idle raised funds for cash management, focusing on high safety and liquidity investment products [1][18]. Redemption of Idle Funds - On September 1, 2025, the company redeemed 250 million RMB from a financial product, achieving a total return of 5 million RMB, which aligns with expected returns [3]. Purpose of Cash Management - The company aims to maximize shareholder benefits by improving the efficiency of raised fund usage during project implementation, while ensuring that it does not impact the normal operation of fundraising projects [5]. Fundraising Overview - The company raised a total of 605.36 million RMB through the issuance of 46 million shares at a price of 13.16 RMB per share, with a net amount of 560.13 million RMB after deducting issuance costs [6]. Usage of Raised Funds - As of June 30, 2025, the cumulative investment progress of the raised funds in various projects has exceeded 100%, including interest and cash management returns [9]. Cash Management Products - The company selects low-risk, principal-protected financial products for cash management, ensuring compliance with internal funding management requirements [14]. Impact on Daily Operations - The continued use of idle funds for cash management will not affect the normal construction of fundraising projects or the company's main business, while also enhancing fund efficiency and potentially increasing returns for shareholders [16].