Core Points - The company has approved the use of temporarily idle raised funds for cash management, with a limit of up to RMB 430 million [1] - The cash management will be conducted under the premise of ensuring the safety of raised funds and not affecting the normal operation of investment projects and main business [1] - A dedicated settlement account for cash management has been opened to manage the raised funds [2] Group 1 - The board of directors and all directors guarantee the announcement's content is free from false records, misleading statements, or significant omissions [1] - The cash management period is set for 12 months from the approval date at the annual shareholders' meeting [1] - The sponsor, Zhejiang Merchants Securities Co., Ltd., has issued a consent verification opinion on this matter [1] Group 2 - The dedicated settlement account will be used solely for the settlement of cash management investment products and will not hold non-raised funds or be used for other purposes [2] - The account will be canceled promptly when cash management products mature and there are no further usage or purchase plans [2] - This announcement was made by the board of directors of the company on October 31, 2025 [4]

Core Viewpoint - The company has approved the use of up to 250 million yuan of temporarily idle raised funds for cash management, focusing on high safety and liquidity investment products [1] Group 1: Financial Management - The board meeting held on October 29, 2025, approved the proposal for cash management using idle funds [1] - The investment products selected must meet capital preservation requirements and have good liquidity [1] - The usage period for these funds is valid for 12 months from the date of board approval, with the possibility of rolling use within the approved limit [1] Group 2: Impact on Operations - This decision will not affect the progress of the fundraising investment projects or the normal production and operation of the company [1]

Core Viewpoint - The company has approved the use of idle raised funds and self-owned funds for cash management, aiming to enhance fund utilization efficiency and generate investment returns [1][3]. Group 1: Cash Management Approval - The company has decided to use up to 100 million yuan of temporarily idle raised funds and up to 150 million yuan of self-owned funds for cash management, with a maximum investment period of 12 months [1]. - The board's resolution allows for the rolling use of these funds within 12 months from the date of approval [1]. Group 2: Cash Management Implementation - The company has reported on the redemption of cash management products, confirming that actual returns align with expected returns, and funds have been deposited into the respective accounts [2]. - The cash management activities do not constitute related party transactions and are not classified as major asset restructuring [2]. Group 3: Risk Control Measures - The company will select cash management products that align with the usage plan of raised funds, ensuring no impact on daily operations or project implementation [2]. - Regular analysis and monitoring of cash management products will be conducted, with timely actions taken to mitigate risks if adverse factors are identified [2][3]. Group 4: Impact on the Company - The cash management initiative is designed to improve fund efficiency and generate returns without altering the intended use of raised funds [3]. - The company will comply with regulatory requirements for disclosure regarding the use of raised funds for cash management [3]. Group 5: Current Status of Fund Management - As of August 31, 2025, there are no outstanding cash management products using raised funds, while the balance of self-owned funds in cash management is 36.4 million yuan, within the authorized limits [4].

Core Viewpoint - The company has approved the use of idle raised funds (including oversubscribed funds) for cash management, with a limit of up to RMB 400 million, to enhance fund utilization efficiency and generate returns for shareholders [1][6][7]. Fundraising Basic Situation - The company raised a total of RMB 51,287.52 million through the public offering of 19 million shares at RMB 46.33 per share, with the funds managed in a dedicated account [1][2]. Reasons for Idle Funds - Due to the construction cycle of fundraising projects, there will be a temporary idle situation of funds. The company plans to utilize these idle funds for cash management without affecting project progress or normal operations [2][3]. Cash Management Details - The purpose of using idle funds is to improve fund efficiency while ensuring project progress and fund safety. The company will invest in low-risk, high-liquidity products [3][4]. - The investment limit is set at RMB 400 million, with a rolling usage period of 12 months from the board's approval date [4]. Decision-Making and Implementation - The management is authorized to make investment decisions and sign contracts within the approved limit and timeframe, with the finance department responsible for implementation [4][6]. Disclosure of Information - The company will comply with relevant regulations for timely information disclosure regarding the use of idle funds [5][6]. Impact on Operations - The cash management will not interfere with the fundraising projects or normal operations, and it aims to enhance fund efficiency and returns for shareholders [6][7]. Review Procedures and Opinions - Both the board and the supervisory committee have approved the cash management proposal, confirming that it aligns with the interests of the company and shareholders [7][9].

Core Points - The company is holding a shareholders' meeting to ensure the rights of shareholders are protected and to facilitate their participation in decision-making [1][2] - The meeting will include voting on several key proposals, including the appointment of auditing firms for both A-shares and H-shares [5][6][7] - The company emphasizes the importance of maintaining order during the meeting and outlines the procedures for participation and voting [2][3][4] Meeting Procedures - Shareholders and their representatives must register at least 30 minutes before the meeting and present necessary identification documents [1][2] - The meeting will follow a specific agenda, allowing shareholders to express their opinions and vote on proposals [2][3] - Voting will be conducted both on-site and online, with results announced by the meeting host [3][4] Proposals - Proposal 1: Appointment of Zhongxinghua Accounting Firm as the A-share auditing institution for the year 2025, which has been approved by the board and supervisory committee [5][7] - Proposal 2: Appointment of Ernst & Young Hong Kong as the H-share auditing institution for 2025, highlighting its qualifications and experience [6][7] - Proposal 3: Authorization for the management to use idle funds for cash management, aiming to maximize shareholder value while ensuring operational safety [8]