Baichu Electronics: Plans to use no more than 1.07 billion yuan of idle raised funds for cash management.

Baichu Electronics announced that the company plans to use no more than 1.07 billion yuan of temporarily idle raised funds for cash management. This includes 450 million yuan raised in the 2019 initial public offering and 620 million yuan raised in the 2021 private placement. The usage period is within 12 months from the date of approval by the board of directors, with funds being able to be circulated and reused. Investment products include notice deposits, structured deposits, and large-denomination certificates of deposit. The company had also passed a similar resolution in August 2025. Although the investment products carry a lower risk, they are still subject to market volatility. This matter has been approved by the board of directors, and the sponsor institution has no objections.