Lingyun Industrial closes two raised capital accounts

Lingyun Industrial Corporation announced the closure of two raised capital accounts to optimize account management and reduce administrative costs, effective September 2, 2025. These closures follow the completion and conclusion of several fundraising projects.

The two accounts, held at the Bank of China's Zhuozhou Branch and the Industrial and Commercial Bank of China's Zhuozhou Branch, had balances of yuan 18,598,404.93 and yuan 2,683,998.81 respectively. These funds were consolidated into the raised capital account held at China Construction Bank's Zhuozhou Prospecting Branch, resulting in a zero balance for the closed accounts.

As a result of these closures, the respective Tripartite Custody Agreements for Raised Capital Accounts, signed between Lingyun Industrial, its sponsor institution, and the banks, have been terminated. This action aligns with the company's commitment to efficient financial oversight and adherence to regulatory guidelines for raised capital.