Core Viewpoint - The company has approved the use of idle raised funds for cash management, allowing for investment in safe and liquid financial products, with a maximum limit of RMB 1.1 billion [2]. Group 1: Cash Management Approval - The company held its fifth board meeting on April 15, 2025, where it approved the proposal to use up to RMB 110 million of temporarily idle raised funds for cash management [2]. - The funds will be primarily used to purchase high-security, liquid, and capital-preserving deposits or financial products, with individual investment products having a maximum term of 12 months [2]. - The decision is valid for 12 months from the date of board approval, allowing the company to roll over the investment amount within the specified limit and timeframe [2]. Group 2: Redemption Status - As of the date of the announcement, the company has not yet reached the maturity of RMB 1 billion in idle raised funds used for cash management [2].

Core Viewpoint - The company has approved the use of idle raised funds for cash management, allowing for investments up to RMB 1.1 billion in safe and liquid financial products [1]. Group 1 - The company held its fifth board meeting and supervisory board meeting on April 15, 2025, where it approved the proposal for cash management using idle raised funds [1]. - The maximum amount allocated for cash management is RMB 110 million, which will be used for purchasing safe, liquid, and principal-protected deposits or financial products [1]. - The investment products must not be used for pledging, and the duration of each investment product cannot exceed 12 months [1]. Group 2 - As of the date of the announcement, the company has RMB 800 million of idle raised funds that have not yet matured in cash management [2].