Core Viewpoint - The company plans to utilize up to RMB 700 million of idle raised funds for cash management to enhance fund efficiency while ensuring that it does not affect the ongoing investment projects [1][5][9] Fundraising Basic Situation - The company raised a total of RMB 2.9 billion from its initial public offering (IPO) by issuing 50 million shares at RMB 58 each, with a net amount of RMB 2.6838 billion after deducting issuance costs of RMB 216.1966 million [1][2] - The funds were deposited into a designated account on August 1, 2022, and verified by Tianjian Accounting Firm [1] Fund Investment Project Situation - The total investment for the integrated circuit high-performance wafer-level testing equipment upgrade project is RMB 955.5731 million, with the entire amount planned to be funded from the raised funds [2] - An adjustment was made to increase the investment in two projects using an additional RMB 200 million from the over-raised funds, bringing the total investment to RMB 1.1555731 billion [2] Previous Cash Management - The company previously approved the use of up to RMB 800 million of idle funds for cash management, focusing on low-risk, high-liquidity financial products with a maximum investment period of 12 months [3][4] Current Cash Management Plan - The company intends to use up to RMB 700 million of idle funds for cash management, with a validity period of 12 months from the board's approval [5] - The investment will focus on low-risk financial products such as time deposits, structured deposits, and large certificates of deposit [5] Decision-Making Process - The board and supervisory committee have approved the cash management plan, emphasizing that it will not affect the normal operation of investment projects and will enhance fund efficiency [7][9] - The sponsor institution has confirmed that the cash management plan complies with relevant regulations and does not conflict with the investment project [9]