Core Viewpoint - The company is utilizing idle raised funds for cash management through low-risk structured deposits to enhance fund efficiency and shareholder returns [1][3]. Cash Management Overview - Cash management type: Structured deposits from Zheshang Bank [1][2] - Cash management amount: 40 million RMB [2] - Source of cash management: Proceeds from the issuance of convertible bonds [2] - Cash management purpose: To improve the efficiency of idle funds, reduce financial costs, and increase shareholder returns while ensuring normal operations and project construction [1][3]. Cash Management Details - The company has approved the use of up to 300 million RMB of idle raised funds for cash management, with a specific investment of 40 million RMB in structured deposits [4][5]. - The structured deposit has a term of 61 days, with expected annualized returns ranging from 1.00% to 2.45% [2][4]. - As of the announcement date, the remaining balance of idle funds in cash management is 205 million RMB [4]. Approval Process - The cash management proposal was approved during the board and supervisory meetings held on April 18, 2025, and was subsequently ratified by the annual shareholders' meeting [4][5]. Risk Management - The structured deposit is considered low-risk and liquid, with a commitment to capital preservation, ensuring compliance with fund management requirements [3][5]. - The company will conduct regular audits and assessments of the investment products to manage risks effectively [5]. Impact on the Company - The cash management initiative is designed to enhance fund utilization efficiency and generate returns for the company and its shareholders without affecting the construction of fundraising projects [5].