Core Viewpoint - The company has announced the use of idle raised funds for cash management, with a total of up to 2.5 billion RMB in idle funds and 25 billion RMB in self-owned funds allocated for investment in various financial products, ensuring the safety of the principal and compliance with regulations [1][6]. Group 1: Fundraising Overview - The company raised a total of 1.2 billion RMB through the issuance of convertible bonds, with a net amount of 1.187 billion RMB after deducting issuance costs [2]. Group 2: Financial Products Details - The company plans to invest in principal-protected financial products and will select reputable financial institutions with strong risk control measures for cash management [3][4]. - The company has already utilized 70 million RMB of idle raised funds for cash management in the past twelve months [6]. Group 3: Approval Process - The proposal for using idle raised funds and self-owned funds for cash management was approved at the 2024 annual general meeting held on May 23, 2025, allowing for rolling use of funds within the specified limits until the next annual meeting [1][6]. Group 4: Impact on the Company - The use of idle funds for cash management will not affect the normal operation of the company's fundraising projects and is expected to enhance capital efficiency and asset returns, benefiting shareholders [6].

Core Viewpoint - The company has approved the use of idle raised funds and self-owned funds for cash management, aiming to enhance fund utilization efficiency and asset return rates while ensuring the safety of the principal [1][6]. Fundraising Basic Situation - In March 2019, the company issued convertible bonds totaling 1.2 billion yuan, with a net fundraising amount of approximately 1.187 billion yuan after deducting issuance costs [1]. Financial Products Basic Situation - The company plans to use up to 250 million yuan of idle raised funds for principal-protected financial products and up to 2.5 billion yuan of self-owned funds for both principal-protected and non-principal-protected financial products, trust products, and entrusted loan businesses [1][6]. Impact on the Company - The cash management using idle raised funds will not affect the normal operation of fundraising projects and is expected to create greater returns for shareholders [7]. Approval Process - The company held its annual shareholders' meeting on May 23, 2025, where the proposal for cash management was approved, allowing for rolling use of funds within the specified limits until the next annual meeting [1][6].