LOPAL TECH (02465) announced that the company, including its subsidiaries, plans to utilize up to 600 million yuan of idle funds raised from a non-public stock issuance for cash management purposes. The investment projects funded by the raised capital (hereinafter referred to as “funding projects”) have a lengthy construction period, leading to temporary idle funds. In line with the principle of maximizing shareholder interests, the company aims to enhance the efficiency and storage benefits of the raised funds, thus increasing the return on investment. This strategy will be implemented while ensuring no negative impact on the construction of funding projects and effectively controlling risks. The total amount entrusted for financial management is 86 million yuan.