Hangzhou First Materials repays portion of funds

Hangzhou First Applied Material Co., Ltd. has announced the early repayment of a portion of its raised funds, which were temporarily used to supplement working capital. The company's board of directors, in a meeting on March 20, 2025, approved the temporary use of up to 100,000万元 from its "First 22 Convertible Bonds" for working capital for a period not exceeding 12 months.

Since then, the company has made several early repayments. On May 27, 2025, 5,000万元 was returned to the raised funds account. This was followed by another repayment of 3,000万元 on July 15, 2025. Most recently, on September 24, 2025, an additional 1,500万元 was returned.

As of the announcement date, the cumulative amount of raised funds temporarily used for working capital that has been repaid totals 9,500万元. This leaves an outstanding balance of 78,000万元 yet to be returned. The company has committed to repaying the remaining balance to the raised funds account by the stipulated deadline and will fulfill its information disclosure obligations accordingly.