Summary of Key Points Core Viewpoint - The company intends to temporarily use part of the idle raised funds to supplement its working capital, ensuring that the investment projects continue to progress without disruption [1][6]. Group 1: Fundraising Overview - The total amount raised from the issuance of convertible bonds is 700 million yuan, with a net amount of 694 million yuan after deducting underwriting fees [1]. - The funds are stored in a dedicated account, and the company has implemented a special account storage system for the raised funds [1]. Group 2: Use of Raised Funds - The total investment for the emergency rescue equipment production base project is 846.856 million yuan, with the company planning to use the entire raised amount for this project [2]. - As of July 17, 2025, the remaining balance in the special account for raised funds is 187,473,293.45 yuan [2]. Group 3: Previous Use of Idle Funds - The company previously used up to 220 million yuan of idle raised funds to supplement working capital, with a repayment deadline of 12 months from the board's approval [3][5]. - A subsequent approval allowed the use of up to 180 million yuan of idle funds, which was also fully repaid by July 17, 2025 [5]. Group 4: Current Proposal for Idle Funds - The company proposes to use up to 120 million yuan of idle raised funds for working capital, with a maximum usage period of 12 months [5]. - The funds will be used for operational purposes and will be returned to the special account as the investment projects progress [5][6]. Group 5: Compliance and Verification - The proposal to use idle funds has been approved by the company's board, adhering to relevant regulations and guidelines [6]. - The sponsor institution has verified that the decision-making process was followed correctly and has no objections to the use of idle funds [6].

General Overview - The company establishes a system to regulate major investment activities, ensuring scientific, standardized, and transparent decision-making to safeguard funds and assets, prevent investment risks, and protect the interests of the company and its shareholders [1][2]. Investment Definition - Investment refers to the economic behavior of allocating sufficient funds or equivalent assets to certain fields to obtain returns or capital appreciation in the foreseeable future, including both internal and external investments [1]. Approval Authority - Major investment projects require approval from the company's chairman, board of directors, and shareholders' meeting according to their respective authorities, with a strict review and decision-making process [2][3]. - Specific investment matters reaching certain thresholds must be submitted for board review, including those exceeding 10% of audited annual revenue or net profit [2][3]. Decision-Making Process - Investment project proposals must be submitted in writing by shareholders, directors, senior management, and relevant departments, including key financial indicators and project advantages [5]. - The investment management department is responsible for summarizing and reviewing project proposals, conducting due diligence, and preparing feasibility reports for board submission [5][6]. Securities Investment and Derivative Trading - Securities investment includes various activities such as new stock subscriptions, stock repurchases, and bond investments, while derivatives refer to financial instruments like futures and options [6][7]. - The company must manage funds prudently and focus on its main business, avoiding speculative derivative trading [6][7]. Risk Management - The board should continuously monitor the execution and safety of securities investments and derivatives, taking immediate action in case of significant losses [7][9]. - A feasibility analysis report is required for derivative trading, and independent directors must provide special opinions on such transactions [8][9]. Investment Recovery and Exit - The company can recover external investments under specific circumstances, such as significant deviations from business direction or continuous losses [13][15]. - The financial department is responsible for asset evaluation during investment recovery and transfer processes [13]. Responsibilities of Management - Company directors and management must exercise caution and strictly control investment risks, bearing responsibility for any violations or improper investment actions [38][39]. - The audit committee has the authority to supervise and inspect the company's investment activities [32][33].

Summary of Key Points Core Viewpoint - The company, Weihai Guangtai Airport Equipment Co., Ltd., has announced a share repurchase plan aimed at enhancing investor confidence and aligning the company's stock price with its intrinsic value, while also implementing an employee stock ownership plan or equity incentive plan [2][8]. Group 1: Share Repurchase Plan Details - The repurchased shares will be domestic listed RMB ordinary shares (A-shares) [10]. - The purpose of the repurchase is to implement an equity incentive plan or employee stock ownership plan, with unallocated shares to be canceled if not used within 36 months [3][11]. - The repurchase price will not exceed RMB 15 per share, which is 150% of the average trading price over the previous 30 trading days [3][9]. - The total amount for the repurchase will not exceed RMB 60 million and will be at least RMB 40 million, with an estimated repurchase quantity of approximately 4 million shares (0.75% of total shares) at the upper limit and 2.67 million shares (0.50% of total shares) at the lower limit [3][12][14]. Group 2: Financial and Operational Considerations - The repurchase will be funded through the company's own funds and a special loan of up to RMB 50 million from China Merchants Bank, with a loan term of no more than three years [4][14]. - The company has sufficient financial resources, with total assets of RMB 6.444 billion and a debt ratio of 51.26%, indicating a strong financial position to support the repurchase [18]. - The board of directors has committed to ensuring that the repurchase will not harm the company's ability to meet its debt obligations or its ongoing operations [19]. Group 3: Governance and Compliance - The repurchase plan was approved by the board of directors during a meeting on April 22, 2025, and does not require shareholder approval [23]. - The company will disclose the progress of the repurchase regularly, including any significant changes in shareholding structure [26][27]. - The management is authorized to make decisions regarding the timing, price, and quantity of shares to be repurchased within the established framework [25].