Core Viewpoint - The company Snowman Group has announced the approval of a proposal to use idle raised funds for cash management, indicating a strategic approach to optimize financial resources [1] Group 1 - The company will utilize up to 110 million yuan of temporarily idle raised funds for cash management [1] - The funds will be invested in high-security, high-liquidity financial products that meet capital preservation requirements, including but not limited to structured deposits, time deposits, large certificates of deposit, and income certificates [1] - The investment period for these financial products will not exceed 12 months, and the funds can be rolled over within the specified limits [1] Group 2 - This cash management initiative will not affect the progress of the raised funds investment projects or the company's normal production and operations [1]

Investment Overview - The company plans to use up to RMB 1.2 billion (including principal) of temporarily idle raised funds for cash management, ensuring it does not affect the progress of fundraising projects or the company's normal operations [2][5] - The source of funds for cash management will be part of the temporarily idle raised funds, including oversubscription funds, ensuring the safety of the funds [2][4] Investment Purpose - The objective is to improve the efficiency of raised funds, rationally utilize temporarily idle funds, and increase returns for the company and its shareholders without impacting the normal development of the main business [2][4] Investment Details - The company will invest in low-risk, liquid financial products that meet capital preservation requirements, including but not limited to structured deposits, time deposits, large certificates of deposit, and income certificates [4][5] - The investment period will be valid for 12 months from the date of board approval, with the ability to roll over funds within the specified limits [4][5] Approval Process - The board of directors and the supervisory board approved the cash management proposal on August 25, 2025, confirming that the decision falls within the board's approval authority and does not require shareholder meeting approval [5][6] - The supervisory board agreed that the cash management does not conflict with the construction of fundraising projects and complies with relevant regulations [6][8] Impact on the Company - The planned use of temporarily idle raised funds for cash management will not affect the normal operation of the company or the implementation of fundraising projects, thereby enhancing the efficiency of fund utilization and providing additional returns for shareholders [7][8] - The company will manage the cash management activities in accordance with relevant accounting standards and guidelines [7]