Group 1 - The company announced the redemption of cash management products, specifically a fixed deposit of 200 million RMB with Zhejiang Mintai Commercial Bank [2][4] - The board of directors approved the use of temporarily idle raised funds for cash management, with a maximum limit of 400 million RMB [3] - As of the announcement date, the company has no remaining balance in temporarily idle raised funds for cash management [5] Group 2 - The company and its subsidiaries provided guarantees totaling 2.13641 billion RMB as of June 30, 2025 [9][10] - The guarantees are primarily for subsidiaries to meet operational funding needs and are deemed necessary and reasonable by the board [12] - There are no overdue guarantees, and the total guarantees provided represent 17.17% of the company's audited net assets for 2024 [12]

Core Viewpoint - The company has successfully redeemed its cash management product, which involved a fixed deposit of 200 million RMB with Zhejiang Mintai Commercial Bank, and the total principal and interest have been transferred to the company's designated fundraising account [1][2]. Group 1: Cash Management Product Details - The company purchased a cash management product amounting to 200 million RMB in fixed deposits from Zhejiang Mintai Commercial Bank on April 9, 2025 [2]. - The actual redemption of the product resulted in a principal return of 200 million RMB and an interest income of 1.1 million RMB [2]. - The total amount redeemed, including both principal and interest, has been credited to the company's fundraising special account [2]. Group 2: Approval and Usage of Idle Funds - The board of directors approved the use of up to 400 million RMB of temporarily idle fundraising for cash management, allowing for the purchase of safe and liquid financial products [1]. - The approval process was completed during the board meetings held on September 25, 2024, with no objections from the sponsor, CITIC Securities [1]. - As of the date of the announcement, the company has no remaining balance in its cash management from idle fundraising, and all transactions were within the authorized limits [2].