Core Viewpoint - The company has approved the use of idle raised funds for cash management, allowing for investment in low-risk financial products to enhance liquidity and returns [1]. Group 1: Fund Management Approval - The company’s board approved the use of up to 450 million yuan of idle raised funds for cash management, ensuring it does not affect the construction of investment projects [1]. - The approved financial products include structured deposits, agreed deposits, notice deposits, large certificates of deposit, and income certificates, with a maximum investment term of 12 months [1]. Group 2: Fund Utilization and Redemption - On August 21, 2025, the company utilized 125 million yuan of idle funds to purchase structured deposits from Ningbo Bank [2]. - The structured deposit matured on November 21, 2025, and the company successfully redeemed the principal of 125 million yuan along with a return of 630,136.99 yuan, which met expectations [2].

Core Viewpoint - The company has approved the use of idle raised funds for cash management, allowing for investment in low-risk financial products to ensure liquidity and safety [1][2]. Group 1: Fund Management Approval - The company’s board approved a proposal to use up to 450 million yuan of idle raised funds for cash management, ensuring it does not affect the construction of investment projects [1]. - The approved financial products include structured deposits, agreed deposits, notice deposits, large certificates of deposit, and income certificates, with a maximum investment period of 12 months [1]. Group 2: Fund Utilization and Redemption - On September 1 and September 2, the company utilized 10 million yuan and 15 million yuan of idle funds to purchase structured deposits from Shanghai Pudong Development Bank and Ningbo Bank [2]. - By September 30, the company redeemed the purchased financial products, returning the principal amounts of 10 million yuan and 15 million yuan along with expected earnings of 16,111.11 yuan and 23,013.70 yuan, respectively [2].

Fundraising Overview - The company raised a total of RMB 34 million by issuing 34 million shares at RMB 9.79 per share, with net proceeds amounting to RMB 27,704.58 million after deducting issuance costs of RMB 2,381.42 million [1][2] - The funds were deposited into a dedicated account managed under a tripartite supervision agreement with banks and the sponsor [2][3] Fund Utilization and Balance - As of June 30, 2025, the company had invested RMB 8,132.63 million from the net proceeds, with a net interest income of RMB 3,115.87 million, resulting in a remaining balance of RMB 22,687.82 million [2][3] - The company has not encountered any abnormal situations regarding the investment projects funded by the raised capital [5][6] Fund Management Practices - The company has established a management system for the raised funds in compliance with relevant laws and regulations, ensuring dedicated storage and efficient use of the funds [2][3] - The company has opened three dedicated bank accounts for the raised funds, with balances reported as follows: RMB 4,567,688.79 at Shaoxing Bank, RMB 1,474,888.17 at Ningbo Bank, and RMB 42,835,597.97 at Agricultural Bank of China [3] Project Adjustments and Strategic Decisions - The company decided to use RMB 35.7 million from the unutilized funds for acquiring a 51% stake in Shanghai Shixin Software Co., aiming to enhance its business structure and competitive advantage in the gas control industry [6][7] - The timelines for certain projects, such as the R&D center upgrade and information system upgrade, have been extended to May 2027 due to market conditions and strategic considerations [6][7][9] Financial Management and Cash Management - The company has approved the use of up to RMB 200 million of idle funds for cash management, including investments in structured deposits [7][8] - As of June 30, 2025, RMB 178 million was invested in structured deposits, with the remaining funds reserved for future project payments [7][8]

Core Viewpoint - Suzhou Weizhixiang Food Co., Ltd. has approved the use of up to RMB 200 million of temporarily idle raised funds for cash management, investing in low-risk, high-liquidity principal-protected financial products [2] Group 1: Cash Management Approval - The company held its third board meeting and third supervisory board meeting on April 25, 2025, where it approved the cash management proposal [2] - The approved cash management will be valid for 12 months from the date of the 2024 annual general meeting [2] Group 2: Fund Utilization and Redemption - The company utilized RMB 10 million of the idle raised funds to purchase structured deposits from Ningbo Bank, with details disclosed on June 27, 2025 [2] - The structured deposit matured on July 28, 2025, resulting in a principal recovery of RMB 10 million and interest earnings of RMB 16,600 [3]

Core Viewpoint - The company, Weizhi Xiang, announced the investment of 10 million yuan of temporarily idle raised funds into structured deposits at Ningbo Bank, which matured on July 28, 2025, returning the principal of 10 million yuan and interest of 16,600 yuan [1] Summary by Categories Financial Investment - The company utilized 10 million yuan of temporarily idle funds for purchasing structured deposits [1] - The structured deposit product has a maturity date of July 28, 2025 [1] - Upon maturity, the company received back the principal amount of 10 million yuan along with interest earnings of 16,600 yuan [1]