Core Viewpoint - The company has approved the use of idle raised funds for cash management, aiming to enhance fund utilization efficiency while ensuring the safety and proper use of the funds [1][13]. Fundraising Overview - The company raised a total of RMB 899.56 million through its initial public offering, with a net amount of RMB 810.66 million after deducting underwriting fees and other expenses [1][2]. - The funds are managed in a dedicated account under a tripartite supervision agreement with the sponsor and the supervising bank [2]. Cash Management Plan - The company plans to use up to RMB 650 million of idle raised funds for cash management, with a maximum investment period of 12 months [3][5]. - The investment products will include high-security, liquid, and capital-protected options such as time deposits, large certificates of deposit, structured deposits, and guaranteed income certificates from brokers [5][8]. Implementation and Oversight - The management team will make investment decisions within the approved limits and timeframes, with the finance department responsible for execution [6][11]. - The company will adhere to relevant regulations and maintain transparency in its cash management activities, ensuring that the funds are not used for purposes other than those approved [7][12]. Impact on Operations - The cash management strategy is designed to not affect the normal operation of the company's fundraising projects or its main business activities, while also providing potential investment returns [9][10].

Core Viewpoint - The company plans to utilize part of its idle raised funds for cash management, not exceeding RMB 65 million, to enhance fund efficiency while ensuring the safety and proper use of the raised funds [1][4][14]. Fundraising Overview - The company raised a total of RMB 899.56 million from its initial public offering, with a net amount of RMB 810.66 million after deducting underwriting fees and other expenses [1][3]. - The funds are managed in a dedicated account, adhering to regulatory requirements [2]. Usage of Idle Funds - The company has identified a portion of the raised funds as temporarily idle due to the construction cycle of investment projects [3]. - The objective of using idle funds for cash management is to increase returns while ensuring that the investment projects are not affected [4][10]. Cash Management Details - The company will invest in low-risk, high-liquidity financial products, including but not limited to time deposits, structured deposits, and guaranteed income certificates [7]. - The investment period for these cash management activities will not exceed 12 months from the board's approval date [6]. Implementation and Oversight - The management team is authorized to make investment decisions within the approved limits and will be responsible for executing contracts related to cash management [7]. - The company will maintain transparency and adhere to disclosure obligations as per the Shanghai Stock Exchange regulations [8]. Profit Allocation - Any profits generated from cash management will be prioritized for investment in projects that may have insufficient funding, ensuring compliance with regulatory requirements [9]. Impact on Operations - The cash management plan is designed to not interfere with the company's normal operations or the execution of investment projects, while also aiming to enhance overall performance and shareholder returns [10]. Approval Process - The board of directors approved the cash management proposal on August 15, 2025, and it does not require shareholder approval [14]. Sponsor's Opinion - The sponsor, CITIC Securities, has expressed no objections to the cash management plan, confirming that it complies with relevant regulations and does not alter the intended use of the raised funds [14].