Core Viewpoint - The company has announced a delay in the implementation of its fundraising project, specifically the "Precision CNC Laser Cutting Equipment Expansion Project," extending the expected operational date from December 31, 2025, to December 31, 2026, while maintaining the project's investment scale and purpose [4][8][13]. Group 1: Project Delay Details - The project delay is due to external macroeconomic uncertainties and the need for further optimization of the project design and layout to meet market demands [9][10]. - The company has already obtained necessary permits and is currently in the bidding phase for the project [10]. - The decision to delay was approved by the company's board and supervisory committee, ensuring compliance with relevant regulations [14][15]. Group 2: Fundraising Overview - The company raised a total of RMB 400 million through the issuance of convertible bonds, with actual funds received amounting to RMB 395.47 million after deducting underwriting fees [5]. - As of September 30, 2025, the raised funds are stored in a dedicated account, managed under a tripartite supervision agreement [6]. Group 3: Measures for Fund Management - The company plans to closely monitor market changes and enhance internal audits to ensure the effective use of raised funds [12]. - A dedicated team will be assigned to oversee the project, ensuring quality and timely progress [12]. Group 4: Impact of Delay - The delay is viewed as a cautious decision to enhance the efficiency of fund usage and support the company's long-term sustainable development, without adversely affecting normal operations [13].

Core Viewpoint - The company plans to utilize idle raised funds amounting to 90 million yuan for cash management through structured deposits, aiming to enhance fund efficiency and increase investment returns for shareholders [1][2][6]. Group 1: Cash Management Overview - The purpose of cash management is to ensure the normal implementation of fundraising projects while effectively utilizing idle funds to increase investment returns for shareholders [2]. - The cash management amount is set at 90 million yuan [2]. - The funds for this cash management will come from idle raised funds [3]. Group 2: Fundraising Background - The company was approved by the China Securities Regulatory Commission to publicly issue convertible bonds totaling 400 million yuan, with an actual received amount of approximately 395.47 million yuan after deducting fees [4]. - The raised funds are designated for projects including precision CNC laser cutting equipment expansion and the construction of an aerospace equipment manufacturing base [5]. Group 3: Cash Management Details - The cash management period is 90 days, and the income generated will be returned to the dedicated account for fundraising projects [6]. - The company has followed the necessary approval procedures, ensuring compliance with regulations and that the cash management does not alter the intended use of the raised funds [6][10]. Group 4: Approval Process - The board and supervisory committee approved the cash management proposal on April 23, 2025, and it was subsequently ratified by the annual shareholders' meeting [7].