Core Viewpoint - The company has approved the use of idle raised funds for cash management, ensuring it does not affect project construction or normal operations [1] Group 1: Fund Management Approval - The board of directors and the supervisory board of Zhejiang Jinhai High-Tech Co., Ltd. approved the proposal to use up to RMB 150 million of idle raised funds for cash management [1] - The approval is valid for 12 months from the date of the board's resolution, allowing for rolling use of funds within the specified limit [1] Group 2: Redemption of Financial Products - The company redeemed part of its financial products, specifically RMB 20 million in structured deposits through Ningbo Bank, with a total return of RMB 9.71 million [1] - Zhuhai Jinhai Environmental Technology Co., Ltd., a wholly-owned subsidiary, also redeemed RMB 30 million in structured deposits, yielding RMB 14.57 million [2] Group 3: Financial Performance - The financial returns from both the company and its subsidiary were in line with expectations, and the principal and earnings have been transferred to their respective special accounts for raised funds [1][2]

Core Viewpoint - The company has approved the use of idle raised funds for cash management, ensuring it does not affect project construction or normal operations [1] Group 1: Cash Management Approval - The company’s board approved the use of up to RMB 150 million of idle raised funds for cash management, valid for 12 months from the board's approval date [1] - The supervisory board and the company’s sponsor expressed clear agreement with this decision [1] Group 2: Redemption of Financial Products - The company redeemed part of its financial products, specifically using RMB 20 million to subscribe to a structured deposit product through Ningbo Bank, with a total return of RMB 9.71 million [1] - Zhuhai Jinhai also used RMB 30 million for a similar structured deposit, achieving a return of RMB 14.57 million [2] Group 3: Financial Performance - The principal and returns from the financial products have been transferred to the respective special accounts for raised funds [1][2]