Core Viewpoint - Ningbo Yunsheng Co., Ltd. has approved the use of temporarily idle raised funds for cash management, aiming to enhance fund efficiency and reduce financial costs while ensuring that it does not affect the construction of investment projects and the use of raised funds [3][9][17]. Group 1: Board Meeting Details - The 14th meeting of the 11th Board of Directors was held on January 20, 2026, with all 8 directors participating, confirming the legality and validity of the resolutions made [2]. - The board approved the proposal to use temporarily idle raised funds for cash management, with a unanimous vote of 8 in favor [3]. Group 2: Investment Overview - The investment aims to maximize shareholder value by improving the efficiency of idle raised funds and increasing returns without impacting the main business operations [9]. - The total amount for cash management is capped at RMB 45 million, with a maximum investment period of 12 months, allowing for rolling use within this limit [10][14]. Group 3: Fund Sources and Management - The funds for cash management will come from temporarily idle raised funds, which were raised through a non-public offering completed on November 23, 2022, totaling approximately RMB 1.04 billion [11]. - The company will invest in low-risk, high-liquidity financial products with a maximum term of 12 months, ensuring that these funds are not used for pledging [12]. Group 4: Risk Analysis and Control Measures - Although the company is investing in low-risk financial products, there are potential market risks that could affect returns [15]. - The company has established strict risk control measures, including ensuring that investment products do not alter the intended use of raised funds and monitoring the safety of investments [16]. Group 5: Impact on the Company - The use of idle raised funds for cash management is designed to enhance fund efficiency and returns without affecting the ongoing investment projects or the company's financial health [17]. - The income generated from these investments will belong to the company and will be managed according to regulatory requirements [17]. Group 6: Opinions from Committees and Institutions - The Audit Committee supports the cash management proposal, stating it aligns with regulatory guidelines and does not affect the investment projects [18]. - The sponsoring institution has confirmed that the cash management plan complies with relevant regulations and will enhance fund efficiency without changing the intended use of raised funds [19][20].