On November 20, 2023, Meg “A” Technology (688376.SH) announced that the company held the 18th meeting of the second board of directors and the 14th meeting of the second board of supervisors on November 20, 2024, and approved the proposal regarding the use of some temporarily idle raised funds for cash management. It was agreed that the company would use up to 0.586 billion yuan of temporarily idle raised funds for cash management, ensuring that it does not affect the implementation of the investment projects of the raised funds and ensuring the safety of the raised funds. The funds will be used to purchase investment products with high safety and good liquidity (including but not limited to structured deposits and large certificates of deposit). The usage period is valid for 12 months from the date of approval by the board of directors. Within the aforementioned limit and time frame, the funds can be used in a revolving manner.