Core Viewpoint - The company has approved the use of idle raised funds for cash management, allowing up to RMB 1 billion for investments in low-risk financial products, ensuring that this does not affect the normal operations or project implementations of the raised funds [1][5]. Group 1: Establishment of Special Settlement Account - The company has opened a special settlement account for raised funds at the China Export-Import Bank Zhejiang Branch to manage cash from idle raised funds [2]. - The account will only be used for the settlement of financial products purchased with idle raised funds and will not be used for non-raised funds or other purposes [2]. Group 2: Risk Control Measures - The company will adhere to prudent investment principles, selecting low-risk investment products and clearly defining the rights and obligations related to cash management [3]. - A financial department will maintain an investment ledger and closely monitor the operation of the invested funds, taking timely measures to mitigate any identified risks [3]. - The company has established a separation of decision-making, execution, and supervision roles to ensure effective cash management and safeguard fund security [4]. Group 3: Impact on the Company - The use of idle raised funds for cash management will not affect the normal operation of the fundraising projects or the company's regular production activities, ensuring compliance with the intended use of the funds [5]. - This strategy aims to generate investment returns and improve the efficiency of fund utilization, ultimately benefiting the company and its shareholders [5].

Core Viewpoint - The company plans to utilize part of its idle raised funds for cash management to enhance the efficiency of fund usage while ensuring the normal operation of investment projects and the safety of the raised funds [1][5]. Group 1: Fund Management Overview - The company raised a total of RMB 897,999,976.34 through a non-public issuance of 31,420,573 shares at a price of RMB 28.58 per share, with a net amount of RMB 885,820,523.22 after deducting issuance costs [1]. - The current balance of the raised funds is RMB 201,103,541.25, with a portion remaining idle for a period [2]. Group 2: Cash Management Plan - The company intends to use up to RMB 210 million of the idle raised funds for cash management, investing in safe and liquid financial products such as structured deposits and large certificates of deposit [2][3]. - The cash management will be valid for 12 months from the approval date by the board of directors and the supervisory board [3]. Group 3: Decision-Making Process - The board of directors and the supervisory board have approved the cash management plan, which does not require shareholder meeting approval [3][5]. - The company has authorized its legal representative or designated personnel to make investment decisions within the specified limits [3]. Group 4: Impact and Benefits - The cash management is expected to improve fund utilization efficiency and enhance the overall performance of the company, providing better returns for shareholders [4][5]. - The company has established risk control measures to ensure that the cash management does not affect the normal operation of investment projects [4]. Group 5: Sponsor's Opinion - The sponsor, Huatai United Securities, has confirmed that the cash management plan complies with relevant regulations and does not harm the interests of the company or its shareholders, particularly minority shareholders [5][6].

Core Viewpoint - The company, Pulaike Biological Engineering Co., Ltd., has announced the use of part of its idle raised funds for cash management to improve fund efficiency and ensure project safety while increasing investment returns [1][2]. Group 1: Fundraising and Management - The company has raised a total of 897,999,976.34 yuan through a non-public offering of 31,420,573 shares at a price of 28.58 yuan per share, with a net amount of 885,820,523.22 yuan after deducting issuance costs [1]. - As of June 30, 2025, the company has utilized 3,884,676.19 yuan of the raised funds, leaving a balance of 201,103,541.25 yuan [1]. Group 2: Cash Management Details - The investment purpose is to enhance the efficiency of idle raised funds, ensure project construction and fund safety, and increase investment returns [2]. - The investment limit is set at no more than 210 million yuan, allowing for single or cumulative rolling cash management within a one-year period [2]. - The funds will be sourced from temporarily idle raised funds and will be invested in low-risk, high-liquidity financial products such as structured deposits and large-denomination certificates of deposit [2]. Group 3: Decision-Making and Oversight - The investment decision does not require shareholder meeting approval and is authorized to the company's legal representative or their authorized personnel [2]. - The company has implemented several risk control measures, including pre-planning by the finance department, ongoing management, and post-tracking accounting [2]. - The supervisory board and independent directors have the authority to oversee and audit the cash management process, ensuring compliance with necessary legal procedures [3].

Core Viewpoint - As of July 11, 2025, the stock price of Xusheng Group (603305) increased by 3.71% to 13.13 CNY, with a market capitalization of 12.517 billion CNY, ranking 39th in the automotive parts sector and 1322nd in the A-share market [1] Company Announcements - The fourth board meeting of Xusheng Group approved two resolutions: the use of up to 1 billion CNY of temporarily idle convertible bond funds for cash management, and the use of up to 500 million CNY of temporarily idle self-owned funds for cash management, both valid for 12 months [2][3] - The supervisory board also approved the same resolutions regarding the use of idle funds for cash management, with unanimous support [2][3] Cash Management Plans - Xusheng Group plans to use up to 1 billion CNY of temporarily idle convertible bond funds for cash management, with a maximum investment period of 12 months, focusing on high-safety and high-liquidity financial products [3] - The cash management will involve the company and its subsidiary, ensuring that the investment does not affect the normal implementation of fundraising projects [3]