Core Viewpoint - Qifeng New Materials Co., Ltd. has approved the use of idle self-owned funds for cash management, allowing for the purchase of low-risk, high-liquidity financial products up to 1.2 billion RMB [1]. Cash Management Overview - The company has agreed to use up to 1.2 billion RMB of its idle self-owned funds for cash management, which can be rolled over [1]. - The cash management involves investing in low-risk financial products, specifically non-principal guaranteed floating income products [1]. Investment Details - The total amount of entrusted financial products signed is 255 million RMB [2]. - The expected annualized return rates for various products include: - Agricultural Bank's "Nongyin Shishi" open-ended product: 1.80% [2]. - Bank of China’s "Zhongyin Lixiang" product: 2.00% [2]. - Industrial and Commercial Bank's "ICBC Yiren" product: 2.30% [2]. - The investment periods for these products range from 2024 to 2025 [2]. Risk Analysis - The financial products purchased are primarily low-risk but are still subject to macroeconomic policy changes and potential operational errors [2]. - The company has established internal controls and audit measures to monitor the use and safety of the invested funds [2]. Impact on Daily Operations - The funds used for investment are idle and do not affect the company's daily cash flow or main business operations [2]. - The financial health of the company remains stable, and the investment is expected to enhance the returns on idle funds [2]. Historical Cash Management Activities - Over the past twelve months, the company has engaged in cash management activities involving various financial products, with expected returns ranging from 1.45% to 2.60% [2][3]. - The total amount of self-owned funds utilized for cash management in the past year is detailed in the financial product tables [2][3].