Summary of Key Points Core Viewpoint - The company plans to utilize part of its idle raised funds for cash management to enhance fund efficiency while ensuring the safety of the funds and not affecting ongoing projects or daily operations [1][10]. Group 1: Fundraising and Management - The company raised a total of RMB 1,145.54 million through the issuance of 38,428,000 shares at a price of RMB 29.81 per share, with a net amount of RMB 1,067.13 million after deducting issuance costs [1][3]. - As of June 30, 2025, the total amount invested in fundraising projects was RMB 504.97 million, with RMB 570 million allocated for cash management, leaving a balance of RMB 53.82 million in the fundraising account [2][3]. Group 2: Cash Management Plan - The company aims to use up to RMB 700 million of idle funds for cash management, with a rolling usage period of 12 months from the board's approval date [5][10]. - The investment products will include low-risk, high-liquidity options such as structured deposits, time deposits, and large certificates of deposit, ensuring that these funds are not used for pledging or securities investment [5][9]. Group 3: Approval and Oversight - The board of directors and the supervisory board have approved the cash management plan, confirming that it will not impact the normal operation of fundraising projects or the company's production activities [10][11]. - The sponsor, Huatai United Securities, has conducted a review and found that the cash management plan complies with relevant regulations and does not harm the interests of shareholders, particularly minority shareholders [11].

Summary of Key Points Core Viewpoint - The company, Huitong New Materials Co., Ltd., is utilizing part of its idle funds raised from the issuance of convertible bonds for cash management, ensuring that this does not affect the progress of its investment projects or the normal use of funds [1][2][7]. Group 1: Fundraising Overview - The company issued a total of 8,300,000 convertible bonds at a face value of RMB 100 each, raising a total of RMB 83,000 million, with a net amount of RMB 81,946.18 million after deducting issuance costs of RMB 1,053.82 million [1][2]. - The funds raised are stored in a special account approved by the board of directors, with a regulatory agreement in place with the sponsor and the bank [2]. Group 2: Cash Management Plan - The company plans to use up to RMB 28,000 million of the idle funds for cash management, with a usage period not exceeding 3 months, while ensuring that it does not impact the investment projects [2][3]. - The cash management will involve purchasing low-risk, liquid investment products, such as structured deposits and large-denomination certificates of deposit, which will not be used for pledging or securities investment [3][4]. Group 3: Approval and Oversight - The board of directors and the supervisory board have approved the cash management plan, confirming that it complies with relevant laws and regulations [5][6]. - Independent directors and the supervisory board have expressed their agreement, stating that the plan will enhance fund efficiency without harming shareholder interests [6][7]. Group 4: Impact on the Company - The cash management initiative is expected to improve the efficiency of fund usage and increase returns for the company and its shareholders, without affecting the ongoing investment projects [4][5][6].