Summary of Key Points Core Viewpoint - The company intends to temporarily use part of the idle funds raised from the issuance of convertible bonds to supplement its working capital, ensuring that this does not affect the normal progress of its investment projects [1][5][6]. Group 1: Fundraising Overview - The company issued 5,705,370 convertible bonds at a price of 100 RMB each, raising a total of 57,053.70 million RMB, with a net amount of 561,760,105.80 RMB after deducting issuance costs [1][2]. - The funds are managed in a special account with a tripartite supervision agreement signed with the sponsor and the bank [1][2]. Group 2: Investment Projects and Usage - The total planned investment for the industrial automation and railway signal cable project is 65,233.00 million RMB, with the raised funds allocated entirely to this project [2]. - The company anticipates a temporary idle situation for the raised funds due to the construction cycle of the investment projects [2]. Group 3: Previous Use of Idle Funds - The company previously approved the use of up to 15,000 million RMB of idle funds to supplement working capital, with a repayment period not exceeding 12 months [3][4]. - All temporarily used funds have been returned to the special account as of the date of this report [3][5]. Group 4: Current Fund Usage Plan - The company plans to use up to 15,000 million RMB of idle funds for business expansion and daily operations, ensuring that the funds are only used for activities related to its main business [4][6]. - The expected savings on financial costs from this temporary use of funds is estimated at 4.5 million RMB based on the current market LPR rate of 3.0% [4]. Group 5: Approval and Oversight - The board of directors and the supervisory board have approved the use of idle funds, confirming compliance with relevant regulations and ensuring the interests of all shareholders [5][6]. - The sponsor has verified that the use of idle funds does not change the intended use of the raised funds and does not affect the investment projects [6][7].