Core Viewpoint - The company plans to utilize idle self-owned funds, not exceeding RMB 500 million, for structured deposits and purchasing financial products from banks and securities companies to enhance capital efficiency and economic benefits [1][2]. Group 1: Basic Information on Entrusted Wealth Management - The source of funds for this investment comes from temporarily idle self-owned funds, including funds from previous financial products that have matured [2]. - As of the announcement date, the company has rolled over RMB 190 million to purchase wealth management products from various financial institutions, including Shanghai Pudong Development Bank and China Merchants Bank [2]. Group 2: Impact on the Company - The use of idle self-owned funds for wealth management is conducted without affecting the company's normal operations, thereby improving the efficiency and returns of idle funds [2][3]. - This strategy is not expected to have a significant impact on the company's main business, financial status, operating results, or cash flow [2]. Group 3: Internal Risk Control Measures - The company primarily invests in low to medium-risk wealth management products with terms not exceeding 12 months, ensuring overall risk is manageable [3]. - A separation of decision-making, execution, and supervision functions is established to ensure effective and standardized operations in purchasing wealth management products [3]. - The finance department will analyze and monitor the investment's progress, and if any risks to fund safety are identified, appropriate measures will be taken [3][4].

Core Viewpoint - The company is utilizing idle self-owned funds for wealth management to enhance capital efficiency and generate greater economic benefits while ensuring normal operational liquidity [2][4]. Group 1: Basic Situation of Wealth Management - The company has approved a maximum amount of RMB 50 million for structured deposits and financial products from banks, securities companies, or trust companies, ensuring that normal operational liquidity is maintained [2]. - The source of funds for this investment includes temporarily idle self-owned funds and funds from previous investments that have matured [2]. Group 2: Progress and Risk Situation of Wealth Management - From September 26, 2025, to the date of this announcement, the company has used RMB 190 million to purchase wealth management products from various financial institutions, including Shanghai Pudong Development Bank and China Merchants Bank [2]. - The purchased products are primarily low to medium-risk financial products with a maturity of no more than 12 months, indicating a controlled overall risk [4]. Group 3: Impact on the Company and Risk Control Measures - The use of idle funds for wealth management is expected to improve the efficiency and returns of these funds without significantly impacting the company's main business, financial status, operating results, or cash flow [2]. - The company has established a robust approval and execution process for purchasing wealth management products, ensuring effective and standardized operations [4]. - The finance department will monitor the investment's progress and take necessary actions if risks to fund safety are identified, while internal audits and independent directors will oversee fund usage [4].

Core Viewpoint - The trend of listed companies investing idle funds in financial products is growing, but the total amount of investment has decreased compared to the previous year, indicating a cooling off in the enthusiasm for such investments [2][3]. Summary by Sections Investment Trends - As of September 17, 2023, listed companies have invested a total of 7573.95 billion in financial products, a decrease of 1095.86 billion or 12.64% compared to the same period last year [3]. - The number of companies participating in these investments has also decreased, with 1092 companies this year compared to 1193 last year [3]. Types of Financial Products - The most significant decrease in investment has been in structured deposits, which fell by 968.70 billion. Investment in investment company financial products saw the largest percentage drop of 38.69%, from 91.20 billion to 55.96 billion [3][5]. - Despite the overall decrease, structured deposits still account for the largest share of total investments at 4579.23 billion, representing 60.46% of the total [5]. Yield and Performance - The average expected minimum yield for financial products purchased by listed companies has dropped to 1.09%, down from 1.43% last year, while the average expected maximum yield has decreased to 1.37% from 1.60% [8]. - The overall yield for structured deposits has also been declining, with the average expected middle yield at 1.71% as of July 2025, reflecting a downward trend [8]. Cash Management Strategies - Companies are balancing liquidity management and yield, with a shift towards other investment products expected as macroeconomic conditions improve [9]. - The trend of decreasing investment in financial products is also influenced by regulatory encouragement for cash dividends and share buybacks, leading to reduced idle funds among listed companies [10].