Core Viewpoint - The company has approved the use of idle raised funds for cash management, aiming to enhance the efficiency of fund utilization while ensuring normal operations and project progress [1] Group 1: Cash Management Implementation - The company’s subsidiary, Pride Automotive Technology (Suzhou) Co., Ltd., has utilized 60 million RMB of idle raised funds for cash management [2] - A dedicated settlement account has been opened at China Merchants Bank, ensuring that the account will not hold non-raised funds or be used for other purposes [2] Group 2: Investment Risk Analysis and Control Measures - The investment products for cash management have undergone strict evaluation and are considered controllable in terms of risk; however, market fluctuations may impact actual returns [3] - The company will adhere to prudent investment principles, selecting reputable financial institutions for cash management, and will monitor the investment products closely to mitigate risks [4] Group 3: Impact on Daily Operations - The use of idle raised funds for cash management is intended to control risks and maximize shareholder value without affecting the progress of fundraising projects or normal business operations [6] - As of the announcement date, the total amount of idle raised funds used for cash management is 196 million RMB, which is within the approved limits [6]

Core Viewpoint - The company plans to utilize up to 1.2 billion yuan of idle self-owned funds for cash management, focusing on low-risk financial products with high safety and liquidity [1] Group 1: Company Actions - The company announced the decision during the fifth board meeting on February 6, 2026 [1] - The cash management proposal will be valid for 12 months from the date of approval by the shareholders' meeting [1] - The funds can be used on a rolling basis within the approved limit [1] Group 2: Financial Strategy - The investment will target cash management financial products that offer either fixed or floating returns [1] - The strategy is designed to ensure that the company's normal production and operations are not affected [1]