Group 1 - The company approved the use of idle raised funds for cash management, with a total amount not exceeding 450 million yuan, to invest in low-risk financial products [1] - The investment products include structured deposits, agreement deposits, notice deposits, large certificates of deposit, and income certificates, with a maximum investment period of 12 months [1] - The funds can be used in a rolling manner within the approved amount and time frame [1] Group 2 - On August 15, 2025, the company used 100 million yuan of idle raised funds to purchase structured deposits from Shanghai Pudong Development Bank [2] - The structured deposit matured on November 14, 2025, and the company successfully redeemed the principal of 100 million yuan along with a return of 487,500 yuan, which met expectations [2]

Core Points - The company has approved the use of up to RMB 470 million of idle raised funds for cash management, with a usage period of 12 months from the board's approval date [1][13] - The company has successfully redeemed cash management products, recovering a total principal of RMB 178 million and earning a return of RMB 291,500 [3] - The cash management aims to enhance the efficiency of raised funds while ensuring it does not affect the construction of projects funded by these funds [4][11] Cash Management Overview - The cash management is intended to utilize temporarily idle raised funds to generate additional returns for the company and its shareholders [4] - The funds used for cash management are sourced from idle raised funds, which have been managed in a dedicated account [6] Investment Products - The company has invested in structured deposits from Shanghai Pudong Development Bank and China Merchants Bank, amounting to RMB 128 million and RMB 50 million respectively [3] - The cash management products are characterized by high safety and liquidity, ensuring compliance with regulations and not affecting the normal operation of fundraising projects [7] Internal Decision-Making Process - The board of directors convened on April 16, 2025, to approve the cash management proposal, which does not require shareholder meeting approval [1][13] Impact on Company - The cash management initiative is designed to ensure that daily operational funds remain unaffected while generating investment income, thereby enhancing overall company performance [11]