Xiamen Tungsten redeems cash management product

Xiamen Tungsten Co., Ltd. announced the redemption of a CNY 400 million “Huilifeng” structured deposit, issued by Agricultural Bank of China, on July 7, 2025. The redemption yielded a total of CNY 401,514,060.27, including principal and earnings. The company stated that the funds have been transferred to a dedicated raised fund account and will be used for future cash management activities within the authorized limits approved by the board of directors. As of the announcement date, the outstanding balance of idle raised funds used for cash management stands at CNY 1,735 million. The company affirmed that these activities remain within the authorized scope.