Core Viewpoint - Guangbo Group Co., Ltd. has decided to utilize part of its idle funds for entrusted wealth management, with a total amount not exceeding 500 million RMB, ensuring that normal operational funding needs and fund safety are not affected [1][4]. Summary by Sections Wealth Management Product Purchase Overview - The company has invested 60 million RMB in structured deposits from Zhejiang Commercial Bank and 50 million RMB in structured deposits from Shanghai Pudong Development Bank [1]. - The structured deposit from Zhejiang Commercial Bank includes two products with amounts of 30 million RMB each, with floating returns [1]. - The structured deposit from Shanghai Pudong Development Bank is a floating return product with an investment of 50 million RMB [1]. Relationship Disclosure - There are no related party relationships between the company and the banks involved in the wealth management products [1]. Impact on the Company - The use of idle funds for entrusted wealth management will not affect the company's main business operations and aims to improve fund utilization efficiency while generating investment returns for shareholders [4][5]. - As of the announcement date, the total amount of bank wealth management products purchased and not yet redeemed is 271.15 million RMB, accounting for 25.71% of the most recent audited net assets [6]. Risk Control Measures - The company will adhere to relevant laws and regulations, and internal control systems to manage investment risks effectively [4]. - The board of directors has authorized the management team to make investment decisions, with the finance department responsible for implementation [4]. Ongoing Wealth Management Products - The company has several ongoing wealth management products with varying maturity dates and expected returns, ensuring a diversified investment approach [5][6].