Core Viewpoint - The company has approved the use of idle funds for cash management to enhance fund efficiency while ensuring normal operations are not affected [2][6]. Group 1: Cash Management Approval - The company and its subsidiaries will use up to RMB 60 million of idle funds for cash management, focusing on low-risk investment products with high liquidity [2][6]. - The decision was made during the third meeting of the fifth board of directors and the third meeting of the fifth supervisory board [2]. Group 2: Recent Developments - The company has signed an agreement with Ningbo Bank to invest RMB 2 million in financial products as part of its cash management strategy [3]. Group 3: Investment Risk and Control Measures - The company will only invest in low-risk products such as structured deposits and guaranteed bank wealth management products, ensuring that investments are safe and liquid [4][5]. - The finance department and internal auditors will monitor the investment products and take action if risks are identified [5]. Group 4: Impact on Company Operations - The cash management strategy will not affect the company's normal operational liquidity or its main business activities, aiming to improve overall performance and benefit shareholders [6]. - As of the announcement date, the company has successfully recovered principal and returns from matured financial products, with a total of RMB 11.5 million in ongoing investments [6].

Core Viewpoint - The company has approved the use of idle funds for cash management to enhance capital efficiency while ensuring normal operations are not affected [2][5]. Group 1: Cash Management Approval - The company and its subsidiaries have been authorized to use up to RMB 60 million of idle funds for cash management, focusing on low-risk investment products [2][3]. - The decision was made during the fifth board meeting and subsequently approved in a temporary shareholders' meeting [2]. Group 2: Recent Developments - The company has signed an agreement with Ningbo Bank to invest RMB 20 million in financial products as part of its cash management strategy [3]. - The investment is aimed at products with high safety and liquidity, such as structured deposits and guaranteed bank wealth management products [4]. Group 3: Risk Management Measures - The company has outlined risk control measures, including only engaging with legally qualified financial institutions and monitoring investment products closely [5]. - Internal audits and oversight by the supervisory board will ensure compliance and risk evaluation [5]. Group 4: Impact on Operations - The cash management strategy will not disrupt the company's normal operations or affect its main business activities, while potentially improving overall performance [5][6]. - As of the announcement date, the company has successfully recovered principal and returns from previously matured financial products [6].

Core Viewpoint - The company plans to utilize idle self-owned funds to purchase principal-protected bank financial products, aiming to enhance fund efficiency and achieve capital preservation and appreciation [1][2]. Group 1: Investment Details - The company intends to invest up to 3.2 billion RMB in principal-protected bank financial products, including but not limited to agreement deposits, structured deposits, intelligent deposits, large certificates of deposit, and other investment products with principal protection [1][2]. - The investment period for these financial products will not exceed 12 months, and the funds can be rolled over within this limit [2]. - The decision to invest was approved in the 12th meeting of the 5th Board of Directors and the 12th meeting of the 5th Supervisory Board, pending approval from the shareholders' meeting [1][2]. Group 2: Risk Management - The company acknowledges that the investment may be affected by market fluctuations due to macroeconomic influences, and the actual returns are unpredictable [3]. - To mitigate risks, the company will monitor economic conditions and financial market changes, taking timely actions to protect investments [3]. - A comprehensive review of all bank financial product investments will be conducted quarterly, with reports submitted to the audit committee [3]. Group 3: Impact on Daily Operations - The investment in principal-protected bank financial products will not affect the company's normal business operations and is expected to improve fund utilization efficiency and increase storage returns [4]. - The Supervisory Board supports the investment plan, stating it will not harm the interests of the company or its shareholders, particularly minority shareholders [4].