Core Viewpoint - The company, Xinyaqiang Silicon Chemical Co., Ltd., is utilizing part of its idle raised funds for cash management to enhance fund efficiency and shareholder returns while ensuring that it does not affect the normal operation of its investment projects [7][12]. Summary by Sections Announcement Details - The company announced the use of idle raised funds for cash management, specifically a total of 70 million yuan [3][5]. - The financial management is entrusted to Jiangsu Bank Co., Ltd., Suqian Branch [2]. Previous Cash Management - On July 9, 2025, the company redeemed a previous investment of 70 million yuan in a structured deposit product from Jiangsu Bank, receiving a total return of 37.16 thousand yuan [6]. Current Cash Management Overview - The purpose of the current cash management is to improve the efficiency of temporarily idle funds, reduce financial costs, and increase shareholder returns [7]. - The funds for this management come from part of the company's idle raised funds [8]. Fundraising Background - The company raised a total of 1,238.65 million yuan from its initial public offering, with a net amount of 1,200 million yuan after deducting related expenses [9]. Financial Product Details - The current financial product is a structured deposit with a term of 93 days, classified as a principal-protected floating return type [10]. - The expected floating return rate ranges from 0.90% to 2.17% [11]. Risk Control Measures - The company has established internal controls for financial management, ensuring that all investments are approved by the financial head and are of low risk [10][11]. - Independent directors will periodically review the use of funds to ensure compliance and safety [11]. Impact on the Company - The cash management will not affect the company's daily operations or its main business activities, and it aims to enhance fund efficiency and generate additional returns for shareholders [12].