Core Viewpoint - The company plans to utilize up to RMB 150 million of temporarily idle raised funds for cash management, ensuring that it does not affect the construction of fundraising projects and the use of raised funds [1] Group 1: Fund Management - The company has approved the use of RMB 100 million to purchase a structured deposit product from Citic Bank, named "Win-Win Smart Currency-Linked RMB Structured Deposit A06723" [2] - The investment decision-making authority is delegated to the management team for a period of 12 months from the date of approval [1] Group 2: Risk Management - The structured deposit product is a principal-protected, floating-return, closed-end product, with risks including yield risk, interest rate risk, liquidity risk, policy risk, information transmission risk, and force majeure risk [2] - The company will implement risk control measures, including regular inspections of all bank wealth management product investments and reporting to the board's audit committee [2] Group 3: Impact on Company - The investment in principal-protected, floating-return bank wealth management products will not affect the company's normal cash flow and operational needs, thereby enhancing the efficiency and returns of the company's liquid funds [2]

Core Viewpoint - The company plans to utilize idle fundraising capital for cash management, specifically by investing up to RMB 150 million in low-risk financial products to enhance the efficiency of fund usage while ensuring that it does not affect the construction of fundraising projects [1][5]. Group 1: Investment Management - The company has approved the use of idle fundraising capital for cash management, with a maximum amount of RMB 150 million allocated for this purpose [1]. - On April 9, 2025, the company signed an agreement with CITIC Bank to invest RMB 100 million in a structured deposit product, specifically "Win-Win Smart Currency Linked RMB Structured Deposit A01925" [1][4]. - The structured deposit has a yield range of 1.05% to 1.90% and a maturity period of one month, starting from April 14, 2025, to May 16, 2025 [4]. Group 2: Risk Management - The company will analyze and monitor the recovery of principal and returns from the financial products, taking protective measures if any risks to fund safety are identified [3]. - The audit department is responsible for supervising the use and custody of the funds invested in financial products, conducting regular checks, and reporting to the audit committee [3]. - Independent directors and the supervisory board have the authority to oversee fund usage and may hire professional institutions for audits if necessary [3]. Group 3: Financial Impact - The investment in low-risk bank financial products is designed to ensure that it does not disrupt the company's normal cash flow and operations, thereby enhancing the efficiency and returns of the company's liquid funds [5]. - In the past twelve months, the company has previously invested a total of RMB 230 million in similar structured deposit products with CITIC Bank [5][6].