Core Viewpoint - The company has announced the redemption of a wealth management product using part of its idle raised funds, with the aim of improving fund efficiency and ensuring the interests of the company and its shareholders are protected [1][3]. Group 1: Previous Wealth Management Product Redemption - The company redeemed a wealth management product from CITIC Securities, originally subscribed with 50 million RMB, which was set to mature on August 25, 2026. However, it was terminated early on November 24, 2025, due to the performance of the underlying assets meeting the exit criteria [3]. - The company received the principal amount of 50 million RMB and an interest of 370,000 RMB, which has been returned to the dedicated account for raised funds [3]. Group 2: Current Cash Management Overview - The purpose of the current cash management is to enhance fund efficiency without affecting the company's daily operations and to ensure the construction and use of investment projects funded by raised capital [3][4]. - The amount involved in the current cash management is 50 million RMB, sourced from idle raised funds [4][5]. Group 3: Fundraising Background - The company raised a total of approximately 644.8 million RMB through a non-public offering of 20,901,134 shares at an issue price of 30.85 RMB per share, with a net amount of about 636 million RMB after deducting issuance costs [7]. Group 4: Risk Control Measures - The company has established risk control measures, including timely analysis and tracking of the wealth management products, quarterly audits by the auditing department, and oversight by independent directors and the supervisory board [8]. Group 5: Impact on the Company - The company reported an asset-liability ratio of 14.74% as of September 30, 2025, indicating no significant debt burden that would affect its ability to invest in wealth management products. The investment is expected to enhance fund efficiency and increase returns without adversely impacting the company's main business or financial status [9].