Group 1 - The company plans to use up to RMB 400 million of temporarily idle raised funds for cash management, with a validity period of 12 months from the board's approval date [2][4][16] - The cash management will involve high-security, liquid, and principal-protected financial products or time deposits, ensuring that it does not affect the company's fundraising project implementation [3][8][21] - The board of directors approved the cash management proposal during the 16th meeting of the 6th board on January 16, 2026, with no need for shareholder approval as the amount does not exceed 50% of the latest audited net assets [2][16][34] Group 2 - The company aims to enhance the efficiency of fund usage and increase returns for shareholders by managing idle funds, while ensuring the safety of the raised funds [3][21] - The cash management will be conducted through a dedicated account for raised funds, with the total amount used at any time not exceeding RMB 400 million [4][10] - The company will regularly disclose the progress of cash management in accordance with relevant regulations [14][22] Group 3 - The company has appointed new senior management, including Chen Lin as the assistant to the president and Gu Qinghua as the financial director, effective from the board's approval date [25][35][38] - The resignations of former assistant to the president Yan Fei and financial director Huang Yanhua were due to personal reasons, and their departures will not affect the company's daily operations [25][27][39] - The new appointments were made to ensure the effective operation of the company and compliance with regulations [25][38]

Core Viewpoint - The company is utilizing temporarily idle raised funds for cash management, aiming to enhance the efficiency of fund usage and increase returns for shareholders through safe and low-risk investment products [4][10]. Investment Overview - **Investment Purpose**: The company aims to maximize shareholder interests by efficiently using temporarily idle raised funds for cash management without affecting the normal use of these funds [4]. - **Investment Amount**: The total amount for the agreed deposits will not exceed 960 million yuan [5]. - **Funding Source**: The raised funds were obtained through a non-public offering, totaling approximately 1.83 billion yuan, with a net amount of about 1.81 billion yuan after deducting issuance costs [6][7]. Cash Management Details - **Investment Method**: The company plans to invest in high-security, high-liquidity, low-risk, and capital-preserving products, including but not limited to agreed deposits, structured deposits, and bank wealth management products [4][10]. - **Recent Cash Management Performance**: In the past 12 months, the company generated interest income of 1.0252 million yuan from cash management, with the highest single-day investment amount reaching 1.0412 billion yuan [9]. Approval Process - The board of directors approved the cash management plan on January 12, 2026, allowing the use of up to 960 million yuan for cash management without requiring shareholder approval [10]. Impact on the Company - The use of idle raised funds for cash management will not affect the implementation of the company's investment projects and is expected to enhance returns for both the company and its shareholders [13].

Core Viewpoint - The company has utilized its own funds to pay for part of the fundraising investment projects and will replace these amounts with raised funds, amounting to RMB 29.2643 million, in compliance with regulations regarding fund replacement within six months of payment [2][8]. Fundraising Basic Situation - The company raised a total of RMB 1,827.1 million through a non-public offering of 396,334,048 shares at a price of RMB 4.61 per share, with a net amount of RMB 1,814.1 million after deducting issuance costs [3][4]. - The funds were deposited on January 16, 2023, and are managed in a dedicated account with a tripartite supervision agreement in place [3][4]. Investment Project Situation - The company has adjusted its fundraising investment projects, extending the timeline for several projects to December 31, 2027, without changing the total investment amount or project content [4]. Use of Own Funds and Replacement - The necessity for using own funds arises from difficulties in direct payments from the fundraising account, particularly for employee salaries and social insurance, which must be processed through the company's basic deposit account [6]. - The process for replacing own funds with raised funds includes submitting payment requests, maintaining detailed records, and ensuring compliance with approval procedures [7]. Impact on the Company - The use of own funds for project payments and subsequent replacement with raised funds is expected to enhance the efficiency of fund utilization and overall operational management, benefiting the company and its shareholders [9]. Special Opinions - The sponsor institution has confirmed that the company's actions regarding the use of own funds and their replacement with raised funds have been properly approved and do not affect the normal implementation of fundraising projects [10].

Core Viewpoint - The company has approved the use of idle raised funds for cash management, amounting to no more than 960 million yuan, focusing on low-risk and liquid investment products [1] Group 1: Financial Management - The board meeting held on January 12, 2026, approved a proposal to utilize up to 960 million yuan of temporarily idle raised funds for cash management [1] - The investment products include but are not limited to agreed deposits, structured deposits, notice deposits, bank principal-protected financial products, income certificates from financial institutions, and large certificates of deposit [1] - The usage period for these funds is valid for 12 months from the date of the board's approval, and the funds can be rolled over within the approved limit [1] Group 2: Impact on Operations - The company stated that this decision will not affect the progress of the raised funds investment projects or the normal production and operation of the company [1]