China Shipbuilding Power returns funds used for working capital

China Shipbuilding Industry Group Power (SSE:600482) announced that it has returned all previously utilized raised funds that were temporarily used to supplement the company's and its subsidiaries' working capital. The decision to temporarily use these funds, capped at 398,554,250 RMB, was approved during the company's seventh board meeting on March 25, 2024, with the stipulation that they be returned within 12 months. The funds have been fully returned to their designated special accounts as of March 24, 2025, and the return has been communicated to the company's continuing supervisory agency, Citic Securities.