Core Viewpoint - The company has approved the use of idle funds for entrusted wealth management, allowing for an investment of up to 1.5 billion RMB to enhance the efficiency and returns of idle capital [2][8]. Investment Overview - The purpose of the investment is to utilize idle self-owned funds for entrusted wealth management while ensuring the safety of daily operations and funds, thereby increasing overall company returns [4]. - The total amount invested in entrusted wealth management from June 20, 2025, to September 18, 2025, is 258.95 million RMB, which meets the disclosure standards [5]. - The funds for this entrusted wealth management come from the company's idle self-owned funds [6]. Investment Method - The company has engaged with several financial institutions, including Hangzhou Bank Wealth Management Co., Huaneng Guicheng Trust Co., Zhongcheng Trust Co., and CITIC Securities Asset Management Co., with no related party relationships [7]. - The investment will primarily target high-security, liquid financial products such as bank wealth management products, structured deposits, large certificates of deposit, fund products, asset management plans, and trust plans [8][9]. Wealth Management Terms and Risk Control Measures - The company has established contracts with various financial institutions for different wealth management products, including trust plans and asset management plans, with specific asset allocation guidelines [10][11]. - Risk control measures include the establishment of a management system for entrusted wealth management, with clear approval processes and supervision to mitigate investment risks [12]. Impact on the Company - The entrusted wealth management products are funded by the company's own liquid funds, which will not affect the normal operation of the company's main business or its cash flow needs, while also improving fund utilization efficiency [13]. - The company's main business is in the retail sector, with cash income, allowing for flexible redemption of bank wealth management products. The investment will not significantly impact the company's financial status or cash flow [13]. Recent Wealth Management Situation - As of the announcement date, the company has recovered a total of 238.56 million RMB in principal from entrusted wealth management products and received corresponding earnings of 10.39 million RMB [15]. - As of September 18, 2025, the remaining balance of entrusted wealth management is 1,013.45 million RMB, comprising various financial products [15].

Overview - The company, Baida Group Co., Ltd., has announced the use of idle funds for entrusted wealth management, aiming to enhance the efficiency and returns of its idle capital [2][3]. Entrusted Wealth Management Details - The company has committed over 1.5 billion RMB (15亿元) of idle funds for entrusted wealth management, primarily investing in high-security and liquid financial products from banks, fund companies, and other financial institutions [2][4]. - The total amount for entrusted wealth management is 253.626 million RMB (25,362.60万元) [4]. - The investment types include bank wealth management products, structured deposits, large-denomination certificates of deposit, fund products, asset management plans, and trust plans [2][3]. Specifics of Wealth Management Products - The entrusted wealth management products include: - Bank wealth management product from Hangzhou Bank with an expected annual return of 1.88% [3]. - Asset management plan from Guotai Junan Securities with a net value type and no fixed term [3]. - Trust plan from Zhongcheng Trust with an expected annual return of 4.50% [3]. - Large-denomination certificate of deposit from Nanjing Bank with a fixed return of 3.00% [5]. - Wealth management trust from Huaneng Trust with an expected return of 4.5% [5]. - Structured deposit from Bank of China linked to the AUD/USD exchange rate [7]. Financial Impact - The company’s total assets as of March 31, 2025, are 254.120 million RMB (256,742.82万元), with total liabilities of 18.300 million RMB (22,601.48万元) [8]. - The entrusted wealth management will not affect the company's main business operations or cash flow significantly, as it utilizes idle funds [9]. - The company has established a management system for entrusted wealth management to ensure risk control and compliance [7]. Recent Wealth Management Performance - In the last 12 months, the company has invested a total of 263.250 million RMB (263,250.45万元) in various wealth management products, with actual returns of 5.995 million RMB (5,995.46万元) [10]. - The highest single-day investment in the past year was 110.611 million RMB (110,610.75万元), representing 47.25% of the company's net assets [10].