Group 1 - The company announced the redemption of cash management products using idle raised funds, with a total amount of up to RMB 1.08 billion, including some interest [1] - The company purchased a principal-protected floating income cash management product worth RMB 53 million from China Construction Bank, yielding a return of RMB 214,129.61, and a seven-day notice deposit cash management product worth RMB 44 million, yielding RMB 111,222.23, with no significant difference from expected returns [1] - The company has been using raised funds for cash management over the past twelve months, with specific details provided in the announcement [1] Group 2 - The company's stock experienced an abnormal fluctuation, with a cumulative closing price drop exceeding 20% over three consecutive trading days on January 16, 19, and 20, 2026 [3][5] - A self-inspection confirmed that the company's production and operational activities remain normal, with no significant changes [6] - The company did not identify any undisclosed major events that could impact its stock price, and there were no significant media reports or market rumors affecting the stock [8][9]

Core Viewpoint - The company has approved the use of idle raised funds for cash management, aiming to enhance fund utilization efficiency while ensuring the safety of the funds [3][6]. Group 1: Basic Situation of Idle Raised Funds Cash Management - The company plans to use up to RMB 120 million of idle raised funds for cash management within one year, investing in low-risk, liquid, and capital-protected investment products [3]. - The investment products will have a maximum term of 12 months, and the funds can be rolled over within the approved limit [3]. Group 2: Risk Situation of Cash Management - The cash management products are classified as capital-protected floating income products, which are low-risk and meet the capital protection requirements [5]. - The company has signed a written contract with the trustee, outlining the main terms of cash management, rights, obligations, and legal responsibilities [5]. Group 3: Impact on the Company - The cash management will not affect the company's daily operations or the normal development of its main business and investment projects, ensuring the interests of all shareholders, especially minority shareholders [6]. - As of June 30, 2025, the company's cash and cash equivalents amounted to RMB 813.808 million, with the cash management payment of RMB 9.9 million accounting for 1.22% of the total cash, indicating minimal impact on the company's financial status [6].

Group 1 - The company approved the use of idle raised funds for cash management, with a maximum amount not exceeding RMB 1.26 billion, including some interest, to be used for purchasing safe and liquid principal-protected products [2] - The decision allows for the funds to be rolled over within a 12-month period, with individual product terms not exceeding 12 months [2] - The supervisory board and the sponsor institution, Guotai Junan Securities Co., Ltd., expressed their agreement with the proposal [2] Group 2 - As of August 21, 2025, the company redeemed cash management products purchased with idle raised funds, receiving a total return of RMB 866,242.81 from two products [2] - The company purchased a principal-protected cash management product from Bank of China worth RMB 40 million, yielding a return of RMB 680,986.30, and a floating return product from China Construction Bank worth RMB 15 million, yielding RMB 185,256.51 [2] - There are no overdue amounts related to the cash management of idle raised funds, with an outstanding balance of RMB 970 million as of the same date [3]