Daimay Automotive returns portion of temporarily used idle funds

Shanghai Daimay Automotive Interior Co., Ltd. announced on August 27, 2025, that it has returned 200m yuan of idle raised funds temporarily used to supplement working capital to its dedicated raised funds account. This action follows the approval by its board of directors and supervisory board on April 29, 2025, to utilize up to 300m yuan of idle raised funds for this purpose for a period not exceeding 12 months.

As of August 26, 2025, the company had actually utilized 300m yuan of idle raised funds for temporary working capital supplementation. The return of 200m yuan has been promptly communicated to the sponsor. The remaining 100m yuan of raised funds, which are still temporarily supplementing working capital, are scheduled to be returned before the expiration date.

This move aligns with the company's commitment to manage its raised funds responsibly and to ensure timely replenishment of dedicated accounts as per the resolution passed earlier this year.