Core Viewpoint - The company has approved the use of idle raised funds for cash management, allowing up to RMB 14.31 billion to be temporarily invested in structured deposits with a maturity of no more than 12 months, ensuring the safety and liquidity of the funds [1][2]. Summary by Sections Cash Management Approval - The board of directors and supervisory board of the company approved the cash management proposal on August 27, 2024, allowing the use of idle raised funds for cash management without affecting project implementation or fund safety [1]. Fund Utilization and Returns - The company and its subsidiaries have cumulatively purchased structured deposits amounting to RMB 57.24 billion within the approved limit, with a maximum daily balance of RMB 14.31 billion [2]. - A total of RMB 42.93 billion has been recovered from cash management products and returned to the special account for raised funds [2]. Cash Management Product Details - The structured deposits include various products with different terms and expected annualized returns, such as: - A product from CITIC Bank with a principal of RMB 15.3 million and an expected return of 1.68% [3]. - A product from China Merchants Bank with a principal of RMB 45.3 million and an expected return of 1.95% [3]. - The company has successfully recovered all structured deposits purchased through the special accounts, with no outstanding products as of the announcement date [4]. Financial Metrics - The highest single-day investment in cash management over the past 12 months was RMB 143.1 million, representing 2.91% of the net assets for the last year [4]. - The cumulative return from cash management in the last 12 months was 0.39% of the net profit for the last year [4].

Core Viewpoint - The company has successfully recovered a total of 143,100 million RMB from cash management products, generating a return of 788.95 million RMB, and continues to manage idle raised funds for financial investments [1][3][4]. Cash Management Recovery Situation - The company and its subsidiaries recovered a total of 143,100 million RMB from cash management products on June 11 and June 12, 2025, with a total return of 788.95 million RMB [1][3][4]. - The recovered principal and earnings have been deposited into the fundraising account [3]. Ongoing Cash Management Progress - The company held board meetings on August 27, 2024, to approve the use of idle raised funds for cash management [1][4]. - The cash management is based on idle raised funds, ensuring the safety of the raised funds through specialized accounts and agreements with independent financial advisors [4][5]. Cash Management Product Details - The company has entered into agreements for structured deposit products with various banks, including: - **CITIC Bank**: 15,300 million RMB in a structured deposit with expected annual returns of 1.00%, 1.68%, or 2.18% [9]. - **China Merchants Bank**: 45,300 million RMB in a structured deposit with expected returns of 2.10% or 2.30% [9]. - The products are designed to be low-risk, with a focus on capital preservation and liquidity [8][9]. Fundraising Background - The company raised 6,020,040,632.51 RMB through a non-public offering approved by the China Securities Regulatory Commission, with all funds received by April 8, 2018 [4]. - The company has established specialized accounts for managing the raised funds in compliance with regulatory requirements [4].

Core Viewpoint - Jiangsu Guotai International Group Co., Ltd. plans to utilize temporarily idle funds from its publicly issued convertible bonds for cash management, with a maximum amount of RMB 3.7 billion, to enhance fund efficiency and ensure the normal progress of investment plans [1][6]. Summary by Sections Company Announcement - The company held a board meeting on September 11, 2024, approving the use of up to RMB 3.7 billion from temporarily idle funds raised through convertible bonds for cash management [1]. - The funds can be rolled over for use within 12 months from the date of the shareholders' meeting approval, with any cash management amount at any point not exceeding the approved limit [1]. Investment Products - The company purchased a wealth management product from CITIC Securities, specifically the CITIC Securities Anxiang Xinqu Series 2541 yield certificate, amounting to RMB 3.49 million [2]. - The product's risk factors include potential failure to issue the yield certificate, which would result in the freezing of the company's subscription amount [2][3]. Risk Management - CITIC Securities has sufficient liquidity to meet operational needs and debt obligations, but there are risks associated with potential insolvency or liquidity shortages that could affect the timely payment of principal and returns on the yield certificate [3][4]. - The company has established risk control measures, including oversight by the finance department, compliance review by the legal department, and regular audits by the supervisory department [5][6]. Impact on Company - Utilizing part of the temporarily idle funds for cash management will not affect the normal investment plans of the company and is expected to improve fund utilization efficiency, benefiting the company and all shareholders [6]. Previous Cash Management Activities - The company has previously engaged in cash management activities with idle funds, with various products and their respective yields documented, including fixed income and structured deposits [7][10].