Aiko Solar to allocate 315m yuan of idle funds to working capital

Shanghai Aiko Solar Energy Co., Ltd. (Aiko Solar) announced its intention to utilize 315 million yuan of its idle raised funds to temporarily supplement working capital for a period not exceeding 12 months. This decision, approved by the board of directors and supervisory board on September 4, 2025, aims to improve the efficiency of fund utilization and reduce financial costs.

The company's total raised capital amounted to 2,499,999,989.27 yuan from a non-public offering in 2020. After deducting issuance expenses, the net raised capital was 2,459,152,555.93 yuan. As of September 4, 2025, the remaining idle funds available for this purpose stood at 31,569,250,000 yuan. This temporary allocation will be used for production and operations related to the company's main business, without altering the original purpose of the raised funds or affecting ongoing investment projects.

The company previously utilized 315 million yuan in idle funds for working capital, which was fully repaid to the special fundraising account by September 2, 2025. This current plan has received approval from both the supervisory board and the sponsor, who confirmed that it complies with relevant regulations and will not negatively impact shareholder interests or the implementation of fundraising projects.