BAIC BluePark subsidiary returns idle funds

BAIC BluePark New Energy Technology (SSE:600733) announced that its subsidiary, BAIC New Energy, has returned all RMB 120,000,000 of idle raised funds used to temporarily supplement working capital. The funds were returned by February 17, 2025, and the usage period did not exceed 12 months, complying with the resolution passed at the company's board meeting on April 26, 2024. The temporary use of funds was intended to not impact project progress, normal operations, or capital security. The return has been communicated to CITIC Securities, the company's sponsor.