Core Viewpoint - Lihe Technology (Hunan) Co., Ltd. announced the progress of using part of its idle raised funds for cash management, allowing up to 90 million yuan of idle raised funds and up to 900 million yuan of self-owned funds for cash management within a twelve-month period after board approval [1] Cash Management Details - The company signed a structured deposit agreement with Shanghai Pudong Development Bank, with an investment amount of 20 million yuan and an annualized return rate of 0.70% or 1.65% or 1.85% for a one-month term [2] Impact on the Company - The use of idle raised funds for cash management is conducted without affecting the progress of investment projects and normal operations, aiming to improve fund utilization efficiency and generate returns for shareholders [4]