Core Viewpoint - The company has approved an increase in the limit for using temporarily idle raised funds for cash management from RMB 65 million to RMB 115 million, aiming to enhance fund utilization efficiency and generate more returns for the company and its shareholders [2][6][17]. Group 1: Fund Management Details - The company will use the increased cash management limit to purchase low-risk, high-security, and liquid principal-protected cash management products [6][8]. - The cash management period is valid for twelve months from the date of the board's approval, allowing for rolling use of funds within the specified limit [10][11]. - The company has established internal control measures to ensure the safety of the raised funds, including strict adherence to investment principles and regular monitoring of fund usage [13][14]. Group 2: Fundraising Background - The company raised a total of RMB 164,301.50 million through its initial public offering, with a net amount of RMB 155,999.38 million after deducting issuance costs [2][3]. - As of January 20, 2026, the company has utilized RMB 35,927.23 million of the raised funds, with the remaining funds stored in a designated account approved by the board [4][5]. Group 3: Approval Process - The board of directors held a meeting on January 30, 2026, where the proposal to increase the cash management limit was unanimously approved by all attending directors [24]. - The audit committee also reviewed and supported the proposal, emphasizing its benefits for improving fund utilization efficiency [17][18].

Core Viewpoint - The company has approved a plan to utilize idle raised funds for cash management, aiming to enhance returns while maintaining liquidity and safety [1] Group 1: Cash Management Plan - The company will use up to 450 million yuan of idle raised funds to purchase low-risk, highly liquid principal-protected products with a maximum term of 12 months [1] - The cash management plan allows for rolling use of the funds within the approved limits and duration, with returns to be deposited back into the designated raised funds account upon maturity [1] Group 2: Historical Performance - Over the past 12 months, the company has engaged in multiple cash management activities, yielding a total return of 10.7936 million yuan [1] - Despite the low-risk nature of the products, the returns are subject to fluctuations due to macroeconomic factors [1]

Fundraising Overview - The company has issued 181,451,612 shares of A-shares at a price of RMB 24.80 per share, raising a total of RMB 4,499,999,977.60, with a net amount of RMB 4,496,949,561.34 after deducting issuance costs [2]. Cash Management of Idle Funds - The company plans to use part of the temporarily idle raised funds for cash management to improve efficiency and increase financial returns, ensuring it does not affect the progress of investment projects [2][8]. - The company intends to invest in low-risk, liquid cash management products with a maximum investment limit of RMB 1.9 billion, with a usage period of up to 12 months [4][3]. Implementation and Oversight - The board of directors has authorized the management to make investment decisions within the specified limits and duration, including selecting qualified cash management products and signing relevant contracts [5][13]. - The company will manage the income from cash management strictly according to regulatory requirements [6]. Impact on Daily Operations - The use of idle funds for cash management is expected to enhance the efficiency of fund usage and increase returns for shareholders without impacting the company's normal operations and investment project progress [8][11]. Independent Financial Advisor's Opinion - The independent financial advisor has confirmed that the company's actions regarding cash management and the continued use of agreement deposits do not affect the normal progress of investment projects and comply with relevant regulations [14].

Core Viewpoint - The company plans to continue using part of its idle raised funds for cash management and to store the remaining raised funds in a time deposit manner, ensuring that these actions do not affect the progress of investment projects or the company's normal operations [3][13]. Fundraising Basic Situation - The company raised a total of RMB 4,499,999,977.60 by issuing 181,451,612 shares at RMB 24.80 per share, with a net amount of RMB 4,496,949,561.34 after deducting issuance costs [2]. Cash Management Plan - The company aims to improve the efficiency of fund usage and increase financial returns by using idle raised funds for cash management, while ensuring that it does not impact the construction progress of investment projects [3][10]. - The company plans to invest in low-risk, highly liquid cash management products with a maturity of no more than 12 months, including fixed deposits and large certificates of deposit [4]. - The maximum amount for cash management is set at RMB 1.9 billion, with a validity period of 12 months from the board's approval [5]. Implementation and Oversight - The board authorizes the management to make investment decisions within the specified limits and to sign relevant documents, ensuring compliance with regulatory requirements [6][9]. - The company will manage the income from cash management strictly according to regulatory guidelines [8]. Impact on Daily Operations - The use of idle funds for cash management is expected to enhance fund efficiency and shareholder returns without affecting the company's normal operations or investment project progress [10][15]. Independent Financial Advisor's Opinion - The independent financial advisor confirms that the company's actions regarding cash management and time deposits do not affect the normal progress of investment projects and comply with relevant regulations [17].

Core Viewpoint - The company has announced the approval to utilize part of its idle raised funds for cash management, ensuring that this will not affect the progress of investment projects or normal operations [1] Group 1: Cash Management Plan - The company plans to use up to 1.9 billion yuan of temporarily idle raised funds for cash management [1] - The investment products chosen will have high safety, good liquidity, and a term not exceeding 12 months [1] - The usage period for these funds will be valid for 12 months from the date of board approval, with the possibility of rolling use within the set limit [1]

Core Viewpoint - The company has approved a plan to temporarily utilize up to 475 million yuan of idle raised funds for cash management, ensuring that fundraising safety and investment plans are not affected [1] Group 1: Fund Utilization - The approved amount for cash management is capped at 475 million yuan [1] - The usage period for these funds is valid for 12 months from the date of board approval [1] - The funds can be used in a rolling manner [1] Group 2: Investment Strategy - The investment products chosen will be of high safety, good liquidity, and low risk, specifically capital-protected products [1] - The board has authorized the chairman to make decisions regarding the investments, while the financial director will organize the implementation [1] Group 3: Financial Management - The returns from these investments will belong to the company [1] - Priority will be given to replenishing funds for investment projects and daily operations [1] - At maturity, the funds will be returned to the dedicated fundraising account [1]

Core Viewpoint - The company has completed all fundraising projects and has permanently supplemented its working capital with surplus funds [1] Group 1: Fundraising and Financial Management - In the past 12 months, the company has invested a total of 3.226 billion yuan in cash management, yielding a total return of 50.335 million yuan, with 151 million yuan of unused quota remaining [1] - As of December 31, 2025, the cumulative use of over-raised funds amounts to 1.493 billion yuan, which includes two instances of permanent working capital supplementation and two share buybacks [1] - The company plans to utilize no more than 970 million yuan of temporarily idle over-raised funds and their interest for cash management within 12 months starting from January 3, 2026, by purchasing capital-preserving products to increase returns [1]

Core Viewpoint - Jiahe Intelligent Technology Co., Ltd. is actively engaging in financial management and strategic acquisitions to enhance its operational efficiency and mitigate risks associated with currency fluctuations and receivables management [1][2][3][4][5] Trading Information Summary - On December 24, 2025, Jiahe Intelligent's stock closed at 16.15 yuan, up 3.26%, with a turnover rate of 2.61%, trading volume of 97,100 shares, and a transaction amount of 155 million yuan [1] - The net inflow of main funds was 17.979 million yuan, while retail investors experienced a net outflow of 6.4101 million yuan [1][4] Company Announcements Summary - The board approved the use of up to 800 million yuan for foreign exchange hedging to mitigate currency risk, with the hedging period set from January 1, 2026, to December 31, 2026 [3][4] - The company plans to engage in a non-recourse accounts receivable factoring business with a total amount not exceeding 800 million yuan, also valid from January 1, 2026, to December 31, 2026 [2][4] - Jiahe Intelligent's wholly-owned subsidiary intends to acquire all limited partnership interests and related shares of beyerdynamic GmbH & Co. KG, with a waiver agreement signed to extend the review period until April 30, 2026 [2][4] - The company will utilize up to 700 million yuan of its own funds and idle raised funds for cash management, with a focus on high-security, liquid, and principal-protected investment products [5]

Core Viewpoint - The company plans to utilize idle raised funds for cash management, specifically through the purchase of principal-protected cash management products, without affecting the progress of investment projects or normal operations [1] Group 1: Company Actions - The company announced a board meeting on December 22, 2025, to approve the use of idle raised funds for cash management [1] - The amount allocated for cash management will not exceed 200 million yuan [1] - The decision is valid for 12 months from the date of approval by the shareholders' meeting, allowing for rolling use of funds within the specified limit [1] Group 2: Financial Products - The cash management products to be purchased include principal-protected cash management products and structured deposit products issued by commercial banks [1] - The company emphasizes that this cash management initiative will not impact the progress of investment projects funded by the raised capital [1]

Group 1 - The company, Zhao Feng Co., announced that it will hold the 2024 annual shareholders' meeting on May 13, 2025, to review the proposal for using part of the idle raised funds for cash management [2] - The company has approved the use of up to 550 million RMB (including 550 million RMB) of temporarily idle raised funds for cash management, investing in principal-protected products with a term not exceeding 12 months [2] - As of the date of the announcement, the company has an unexpired balance of 430 million RMB in idle raised funds for cash management [2]