Core Viewpoint - The company, Shandong Hongchuang Aluminum Industry Holdings Co., Ltd., is continuing to utilize idle raised funds for cash management to enhance the efficiency of fund usage and create greater returns for the company and its shareholders [1][6][7]. Fundraising Basic Situation - The company raised a total of approximately RMB 800 million by issuing 209,973,753 shares at a price of RMB 3.81 per share, with a net amount of approximately RMB 786.2 million after deducting issuance costs [1][2]. Fund Usage and Idle Reasons - As of August 12, 2025, the company has used approximately RMB 235.9 million of the raised funds, leaving a balance of approximately RMB 574.4 million in the special account [2]. - The company decided to temporarily suspend the implementation of a project related to the annual production of 100,000 tons of high-precision aluminum deep processing to improve fund usage efficiency [2]. Previous Cash Management - The company previously approved the use of up to RMB 400 million of idle raised funds for cash management, with a usage period of 12 months from the board's approval [3][4]. Current Cash Management Situation - The company plans to use up to RMB 400 million of idle raised funds for cash management, with the same 12-month usage period, ensuring that the funds will be returned to the special account after maturity [4][5]. - The investment will focus on low-risk, high-liquidity fixed-income or guaranteed principal investment products [4]. Approval Process and Opinions - Both the board and the supervisory board have unanimously approved the proposal to continue using idle raised funds for cash management, confirming that it will not affect the normal implementation of fundraising projects or change the purpose of the funds [6][7].