Core Viewpoint - The company, Zhuzhou CRRC Times Electric Co., Ltd., plans to utilize part of its temporarily idle raised funds for cash management to enhance fund efficiency and maximize shareholder returns [1][2][5]. Fundraising Overview - The company raised a total of RMB 744,321.20 million through its initial public offering, issuing 240,760,275 shares at a price of RMB 31.38 per share [1]. - All raised funds have been deposited into a special account, with a tripartite supervision agreement established among the company, the sponsor, and the commercial bank [2]. Cash Management Plan - The company intends to use up to RMB 100,000 million of temporarily idle funds for cash management within a 12-month period, ensuring that it does not affect the progress of investment projects or normal operations [2][4]. - The investment products will include high-security, liquid cash management products such as structured deposits, large certificates of deposit, and time deposits [2][4]. Approval Process - The board of directors approved the cash management plan on August 22, 2025, allowing the chairman or authorized personnel to make investment decisions within the specified limits [4][5]. - The audit committee supports the plan, confirming compliance with relevant regulations and affirming that it will not alter the intended use of the raised funds [5]. Risk Management - The company acknowledges potential market risks but aims to invest in low-risk, high-liquidity products to safeguard the funds [3][4]. - The cash management returns will be prioritized for supplementing investment project funding and supporting daily operational liquidity [3].

Core Viewpoint - Jiangsu Longda Superalloy Co., Ltd. plans to use part of its temporarily idle raised funds for cash management, with a limit of up to RMB 600 million, ensuring the safety of the funds and not affecting the construction and use of the fundraising projects [1][2][9] Fundraising Basic Situation - The company raised a total of RMB 2,411,794,296.88 from its initial public offering, with a net amount of RMB 2,201,271,584.45 after deducting issuance costs [2] - The funds are stored in a special account to ensure proper management and protection of investor rights [2] Fundraising Investment Project Situation - The main investment project involves a technical transformation project to increase the annual production capacity of aviation-grade high-temperature alloys by 10,000 tons, with a total investment of RMB 100,016.77 million [3] - The project scale was adjusted from an original design capacity of 6,000 tons to 3,000 tons, with the revised fundraising usage amounting to RMB 80,176.88 million [5] Cash Management Basic Situation - The purpose of cash management is to improve the efficiency and returns of the temporarily idle funds while ensuring safety and not affecting project construction [5] - The cash management will involve purchasing high-security, high-liquidity financial products, with a maximum investment period of 12 months [5][6] Implementation and Disclosure - The board of directors authorized the management to handle related matters, with the finance department responsible for implementation [6] - The company will comply with relevant regulations for timely information disclosure regarding cash management activities [6] Impact on Daily Operations - The planned cash management will not affect the normal operations of the company or the ongoing fundraising investment projects, and it aims to enhance returns for the company and its shareholders [6][9] Opinions from Supervisory and Sponsoring Institutions - The supervisory board and sponsoring institutions have expressed their agreement with the cash management plan, confirming that it complies with legal requirements and does not harm the interests of shareholders [8][9]