HMT Xiamen updates on funds, board restructuring and project extension

HMT (Xiamen) New Technical Materials Co. Ltd. published its special report on the deposit and use of raised funds for the first half of 2025 (Announcement No. 2025-076). The report revealed that as of June 30, 2025, total raised funds amounted to 1,050,000,000 yuan. After deducting issuance expenses and accounting for interest income, the actual remaining raised funds totaled 285,814,395.13 yuan. During this period, the company invested 123,705,526.64 yuan in projects and generated 2,680,568.22 yuan in net interest income.

The company's Sixth Board of Directors held its Sixth Meeting on August 28, 2025 (Announcement No. 2025-074), where it approved the 2025 semi-annual report and a special report on the use of raised funds. Furthermore, the board passed resolutions to abolish the Supervisory Board and redefine the Company Articles of Association, transferring supervisory functions to the Audit Committee. This decision, along with revisions to various corporate governance documents, will be presented for shareholder approval at the Second Extraordinary General Meeting of Shareholders on September 15, 2025 (Announcement No. 2025-079).

HMT Xiamen also announced a change in the use of raised funds, reallocating unspent funds from the "Vietnam Production Base Construction Project (Phase I)" and "R&D Center Construction Project" to the "Vietnam Production Base Construction Project" to enhance investment efficiency and address market demands. The completion date for this project has been extended to December 31, 2027.