Cash Management Overview - The purpose of cash management is to improve the efficiency of the use of raised funds while ensuring that it does not affect the construction of fundraising projects and the use of raised funds, thereby providing more returns for the company and its shareholders [2][3] - The total amount raised from the initial public offering (IPO) was RMB 636.3 million, with a net amount of RMB 565.2 million after deducting related expenses [2][3] Investment Details - The company plans to invest RMB 54 million in bank wealth management products with a management period of 89 days, entrusted to Shanghai Pudong Development Bank [3][4] - The expected annualized return rates for the investment are 0.70%, 2.05%, and 2.25% [4] Approval Process - The board of directors and the supervisory board approved the cash management plan on April 16, 2025, allowing the use of up to RMB 470 million of idle raised funds for cash management within a 12-month period [3][5] Financial Impact - As of March 31, 2025, the company's cash and cash equivalents amounted to RMB 449.15 million, with the cash management investment of RMB 54 million accounting for 12.02% of the total cash [6][7] - The company aims to enhance overall performance and provide better returns for shareholders through cash management of idle funds [7] Recent Cash Management Activities - In the past 12 months, the company has invested a total of RMB 161.5 million in wealth management products, with actual returns of RMB 508,230 and an outstanding principal of RMB 35.8 million [7]