Group 1 - The board meeting of Zhonglu Co., Ltd. was held on August 15, 2025, with all six directors present, and the meeting was deemed legal and effective [1] - The company approved the use of up to RMB 50 million of idle funds for purchasing high-security and liquid financial products, with the authorization valid for 12 months [2] - The board agreed to recognize an asset impairment provision of RMB 2.3534 million, reflecting the company's financial status and asset value [3] Group 2 - The company revised several internal regulations, including the Independent Director Special Meeting Work Rules and the Related Party Transaction Management System, with unanimous approval from the board [4][5] - Zhonglu Co., Ltd. plans to invest RMB 10 million in Beijing Fulei Technology Co., Ltd., acquiring a 6.25% stake while maintaining the control of the target company [5]

Investment Overview - The company plans to invest up to 50 million RMB of idle self-owned funds in entrusted wealth management products while ensuring fund safety and operational liquidity [2][3] - The investment will include high-security and liquid financial products such as bank wealth management products, broker wealth management products, trust wealth management products, and other types like public and private fund products [2][3] Investment Purpose - The objective is to improve the efficiency of self-owned fund utilization without affecting the daily operational cash flow [2] Investment Amount and Source - The total investment amount is capped at 50 million RMB, sourced from the company's idle self-owned funds [2] Investment Method - The company will control risks by selecting high-security and liquid investment products, with the management team authorized to make investment decisions and sign relevant legal documents [2][3] Investment Duration - The authorization for the entrusted wealth management investment is valid for 12 months from the date of the board's approval, allowing for rolling use of funds within this limit [2] Approval Process - The board of directors approved the investment proposal on August 15, 2025, and this matter does not require submission to the shareholders' meeting [2] Risk Analysis and Control Measures - The main risks associated with the investment include market volatility, liquidity risks, and macroeconomic policy risks [3][4] - The company will engage reputable financial institutions as trustees and will monitor investment progress to mitigate risks [4] Impact on the Company - The use of idle self-owned funds for entrusted wealth management will not affect the company's daily cash flow or core business operations, aiming to enhance fund efficiency and increase returns for the benefit of the company and its shareholders [4]

Investment Overview - The company plans to use up to RMB 120 million of its idle self-owned funds for financial management to improve fund utilization efficiency and returns while ensuring fund safety and normal operations [1][2] - The source of funds for this investment will be the company's temporarily idle self-owned funds, which will not affect normal business operations [2] - The investment will be in low to medium-risk financial products, including but not limited to bank wealth management products, structured deposits, and trust products [1][2] Approval Process - The company held its 23rd meeting of the second board of directors and the 20th meeting of the second supervisory board on August 13, 2025, to review and approve the proposal for using part of its self-owned funds for financial management [1][2] - The proposal will be submitted for approval at the company's shareholders' meeting [2] Risk Analysis and Control Measures - The company aims to select liquid and controllable financial products, acknowledging that market fluctuations may impact investment returns [3] - The finance department will manage the purchased products and maintain accounting records, while the audit committee will supervise and inspect the use of funds [4] Impact on the Company - The planned use of self-owned funds for financial management will not affect the company's operational funding needs or daily operations, and it does not involve raised funds [4] - This strategy is expected to enhance fund utilization efficiency and generate additional investment returns for the company and its shareholders [4]

Core Viewpoint - The company plans to continue using temporarily idle raised funds for cash management, with a maximum amount of RMB 100 million, ensuring that it does not affect the normal operation of the fundraising plan [1][3][6] Fundraising Basic Situation - The total amount of funds raised by the company is RMB 3,685,239,005, with a net amount of RMB 3,481,258,520.34 after deducting issuance costs [1] Fundraising Management and Usage - The company has established a special account for managing the raised funds and signed a tripartite supervision agreement with the sponsor and the commercial bank [2] - As of June 30, 2025, the usage of the raised funds is detailed in a report disclosed on August 7, 2025 [2] Previous Cash Management - The company previously approved the use of up to RMB 200 million of temporarily idle funds for cash management, which was also subject to a 12-month validity period [2][3] Current Cash Management Plan - The company aims to use up to RMB 100 million of temporarily idle funds for cash management, with a 12-month validity period [3][4] - The investment products will include safe, liquid, and guaranteed principal financial products, such as structured deposits and wealth management products [4] Implementation and Oversight - The board of directors authorizes the chairman or authorized personnel to make investment decisions within the specified limits [4] - The company will disclose cash management details in accordance with relevant regulations to ensure transparency [4][5] Impact on Daily Operations - The planned cash management will not affect the normal operation of the company's fundraising projects or its main business development [5][6] Audit Committee and Sponsor Opinions - The audit committee supports the cash management plan, confirming it complies with regulations and does not harm shareholder interests [6][7] - The sponsor has verified that the necessary approval procedures have been followed and supports the cash management initiative [7]

继续使用闲置募集资金进行现金管理的核查意见 国泰海通证券股份有限公司（以下简称"国泰海通证券"或"保荐机构"）作为 盛美半导体设备（上海）股份有限公司（以下简称"盛美上海"或"公司"）首次公 开发行股票并在科创板上市的持续督导保荐机构，根据《证券发行上市保荐业务 管理办法》 国泰海通证券股份有限公司关于 盛美半导体设备（上海）股份有限公司 《上市公司募集资金监管规则》 《上海证券交易所上市公司自律监管指 引第11号——持续督导》 《上海证券交易所科创板股票上市规则》 《上海证券交易 所科创板上市公司自律监管指引第1号——规范运作》等有关规定，对公司继续 使用闲置募集资金进行现金管理的事项进行了核查，具体情况如下： 一、募集资金基本情况 根据中国证券监督管理委员会核发的《关于同意盛美半导体设备（上海）股 份有限公司首次公开发行股票注册的批复》（证监许可[2021]2689号），公司于 募集资金总额为人民币368,523.90万元，扣除发行费用后，实际募集资金净额（以 下简称"募资净额"）为人民币348,125.85万元。上述募资净额已由立信会计师事 务所（特殊普通合伙）审验并出具信会师报字[2021]第ZI10 ...

Group 1 - Hengyin Technology disclosed that it purchased trust financial products with its own funds in 2021, with overdue amounts reaching 185 million yuan by the end of 2024 [1] - The company invested 170 million yuan in the Guomin Trust Hui Jin No. 87 collective fund trust plan, receiving only 13 million yuan in investment income, while the principal and remaining investment income are overdue [1] - Hengyin Technology has entrusted Guomin Trust Co., Ltd. to sue the relevant parties, with the case receiving a final judgment in September 2024 [1] Group 2 - Guomin Trust reported a revenue of 824 million yuan in 2024, a year-on-year decrease of 11.23%, primarily due to a decline in fee and commission income [1][2] - The fee and commission income for Guomin Trust fell to 667 million yuan, a decrease of approximately 22.56% year-on-year [1] - Despite the significant drop in revenue, Guomin Trust's net profit increased by 6.62% in 2024, reaching 385 million yuan [2] - As of December 31, 2024, Guomin Trust's total trust assets amounted to 243.393 billion yuan, a year-on-year decrease of 2.45% [2]

Core Viewpoint - Trust financial products remain a popular investment choice for listed companies due to their relatively stable returns compared to bank deposits and money market funds in a low-interest-rate environment [1][2][3] Group 1: Investment Activities - Qingdao Weilong Valve Co., Ltd. announced the purchase of trust financial products totaling 30 million yuan by itself and its wholly-owned subsidiary [1] - In June, Baida Group and Pinwo Food also announced investments in trust financial products, bringing the total investment by these three companies to 300 million yuan within the month [1][2] - The expected annualized returns for the trust products purchased by these companies range from 2.60% to 4.50% [2][3] Group 2: Market Trends - A total of 36 listed companies have purchased trust financial products this year, with a cumulative amount close to 8.9 billion yuan [3] - The average expected annualized return for trust financial products favored by listed companies is between 2% and 5.9%, with a preference for fixed-income products [3] Group 3: Risk Considerations - Trust products are not without risks, including credit, market, and liquidity risks, which require careful consideration by investors [5][6] - Chengdu Road and Bridge Engineering Co., Ltd. reported a significant loss from a trust product, highlighting the potential financial impact on companies [5][6] - Industry experts emphasize the importance of risk management and the need for companies to choose reliable trust companies and products that align with their risk tolerance [7]

Core Viewpoint - Bona Film Group (001330.SZ) has received administrative regulatory measures from the Xinjiang Securities Regulatory Bureau due to non-operational fund occupation and information disclosure violations involving its actual controller Yu Dong and wealth head Qi Zhi [2] Group 1: Regulatory Actions - The Xinjiang Securities Regulatory Bureau has mandated corrective measures for Bona Film Group and issued warning letters to Yu Dong and Qi Zhi, which will be recorded in the capital market integrity archives [2] - The company failed to disclose non-operational fund transactions with related parties as required by regulations [2] Group 2: Financial Transactions - In 2022, Bona Film Group and its subsidiaries provided a total of 210 million yuan to Qi Zhi and his affiliates through third parties in the form of trust financial payments, constituting non-operational fund occupation [2] - In 2023, the company provided 260 million yuan to Yu Dong and his affiliates under similar circumstances, bringing the total non-operational fund occupation to 470 million yuan, which has been repaid by the end of December 2024 [2] Group 3: Company Background - Bona Film Group is a private enterprise engaged in film distribution, investment, and cinema operations, with Yu Dong serving as the chairman and general manager [3] - The company has a history of collaboration with trust companies for film investments, including significant partnerships established since 2016 [4] Group 4: Share Pledge and Legal Issues - In October 2022, Yu Dong pledged 137 million shares of Bona Film Group (48.7% of his holdings) to CITIC Trust for personal financing needs [5] - As of March 31, 2023, Yu Dong's 137 million shares were frozen by the Beijing Second Intermediate People's Court for three years [6] Group 5: Trust Fund Challenges - Bona Film Group's subsidiaries have 730 million yuan in trust financial products facing uncertain recovery timelines, with the principal balance subject to a three-year duration and a benchmark yield of 4.20% [6] - The company is actively working with trust fund lenders to develop plans for asset disposal and timely repayment of trust financial assets, although the recovery process remains uncertain due to valuation and legal documentation requirements [6][7]

Core Points - The company guarantees the authenticity, accuracy, and completeness of the quarterly report, with no false records or misleading statements [2][3] - The quarterly report has not been audited [3][8] Financial Data - The company reported a total of 44,307.36 million yuan in trust financial products, with a significant portion from Zhongrong International Trust Co., Ltd. amounting to 40,751.66 million yuan [6] - The company recognized a fair value loss of 20,375.83 million yuan for the year 2023 and 11,040 million yuan for 2024, totaling 31,415.83 million yuan in cumulative losses [6] - The company has a trust financial product balance of 3,555.70 million yuan from China Construction Investment Trust Co., Ltd., with a recovery of 107.12 million yuan in the reporting period [6] Shareholder Information - As of the end of the reporting period, the company has repurchased 2,041,950 shares, representing 0.89% of the total share capital [5]