Overview of Entrusted Wealth Management
(1) Investment Purpose
To utilize temporarily idle self-owned funds for moderately low-risk short-term wealth management without affecting the company's daily operational funding, thereby improving capital efficiency and overall returns, which aligns with the interests of all shareholders. This entrusted wealth management will not impact the development of the company's main business, and the arrangement of fund usage is reasonable.
(2) Investment Amount and Duration
The company intends to use no more than RMB 800 million of temporarily idle self-owned funds to purchase high-safety, high-liquidity wealth management products. The investment amount is valid for 12 months from the date of approval by the board, and within this period, the investment amount can be rolled over. If the duration of a single transaction exceeds the validity period of the resolution, the resolution's validity will automatically extend until the transaction is terminated.
(3) Types of Investments
Investments will be made in high-safety, high-liquidity wealth management products or financial products, including but not limited to structured deposits, bank wealth management products, large-denomination certificates of deposit, brokerage wealth management products, and reverse repos of government bonds. High-risk investment activities are prohibited.
(4) Source of Funds
The funds used to purchase wealth management products will be limited to the company's temporarily idle self-owned funds and will not involve raised funds or bank credit funds.