Group 1 - The company announced the redemption of structured deposits from Guangfa Bank, amounting to 100 million yuan, which will mature on December 4, 2025, yielding a profit of 468,500 yuan [1] - The principal and profit from the structured deposit have been returned to the fundraising account [1] - The company plans to continue cash management using part of the idle raised funds, which will not affect the progress of investment projects or normal operations [1]

Core Viewpoint - The company is utilizing idle funds from its public offering of convertible bonds for cash management, aiming to enhance fund efficiency and shareholder returns while ensuring that it does not affect ongoing projects or operations [3][14]. Group 1: Cash Management Overview - Purpose of cash management is to improve the efficiency of idle funds, reduce financial costs, and increase shareholder returns while ensuring that it does not impact the construction of investment projects and normal operations [3]. - The cash management amounts to RMB 55 million and RMB 80 million [2]. - The source of funds for cash management is from idle funds raised through the public offering of convertible bonds in 2022 [4]. Group 2: Fundraising Details - The company issued 6,730,000 convertible bonds at a face value of RMB 100 each, raising a total of RMB 673 million, with a net amount of RMB 663.64 million after deducting fees [5]. - The funds were received on April 7, 2022, and have been stored in a dedicated account with regulatory agreements in place [5]. Group 3: Cash Management Products - The cash management investments are in low-risk structured deposits from Ningbo Bank and Guangfa Bank, with returns belonging to the company [7]. - The investment products have a maturity of 31 days and 62 days, with funds returned to the dedicated account upon maturity [9]. Group 4: Approval Process - The cash management proposal was approved during the board and supervisory meetings held on April 18, 2025, allowing the use of up to RMB 300 million of idle funds for cash management within a 12-month period [8][10]. Group 5: Impact on the Company - The use of idle funds for cash management is designed to ensure that it does not affect the construction of investment projects and is aligned with the interests of the company and its shareholders [14][15].