Guanghui Logistics to use idle funds for working capital

Guanghui Logistics (SSE:600603) announced its plan to utilize CNY 213.5 million of temporarily idle funds raised from its 2017 non-public offering to bolster working capital for both the company and its subsidiaries. The decision was approved at the company's eleventh board of directors meeting on June 6, 2025, and use is not to exceed 12 months. The raised funds were previously earmarked for projects including the Urumqi North Station comprehensive logistics base and a seamless railway project. As of June 5, 2025, the company has CNY 21.39 million remaining in the raised funds account including interest. The company stated that the use of these funds will not change the purpose of raised capital. The company is committed to returning the funds to the dedicated account on time, ensuring continued support for its capital investment projects.