Core Viewpoint - The company has announced the decision to utilize up to 550 million yuan of temporarily idle raised funds for cash management purposes, focusing on low-risk, high-security financial products [1] Group 1: Financial Management - The funds will be used to purchase low-risk, high-security principal-protected financial products, including structured deposits and guaranteed return financial products [1] - The investment will also include deposits placed in bank accounts under agreed terms, with a validity period of within 12 months [1] - The funds can be rolled over within the specified limit, ensuring that the investment projects funded by the raised capital and the company's normal operations will not be affected [1]

Summary of Key Points Core Viewpoint - The company intends to utilize part of its idle raised funds and self-owned funds for cash management, aiming to enhance fund efficiency and ensure the preservation and appreciation of cash for the benefit of all shareholders [1][5][7]. Fundraising Basic Situation - The company has received approval from the China Securities Regulatory Commission for its initial public offering, raising a total of RMB 497 million by issuing 25 million shares at RMB 19.88 each [2][3]. Investment Project Situation - The raised funds will be fully allocated to investment projects, with a total investment amount of RMB 48.61 million for the production expansion of electric tools and smart components [3][4]. Cash Management Details - **Purpose**: The cash management will involve low-risk, high-liquidity financial products with a maximum investment period of 12 months, including structured deposits and large certificates of deposit [4][5]. - **Management Limits**: The maximum daily balance for idle raised funds is set at RMB 350 million, while for idle self-owned funds, it is RMB 200 million, both of which can be rolled over [4][6]. - **Approval Process**: The board and supervisory committee have approved the cash management proposal, which will be submitted for shareholder approval [6][7]. Impact on the Company - The cash management initiative is designed to ensure that it does not affect the normal operation of fundraising investment projects, thereby enhancing fund efficiency and safeguarding shareholder interests [5][6][7]. Supervisory and Sponsor Opinions - The supervisory committee and sponsor have expressed that the cash management plan is compliant with regulations and will not harm the interests of the company or its shareholders [7].