Gongniu Group repays idle raised funds early
Gongniu Group Co., Ltd. announced on October 18, 2025, the early repayment of idle raised funds that were temporarily used to supplement working capital. The decision to use these funds was approved at the seventh meeting of the third board of directors and the sixth meeting of the third board of supervisors on December 26, 2024. The company had been authorized to use up to 200 million yuan of idle raised funds for working capital, with a usage period from February 6, 2025, to February 5, 2026.
As of the date of this announcement, the company had actually utilized 198,275,000 yuan of idle raised funds for temporary working capital. On October 17, 2025, the company repaid the remaining 198,275,000 yuan to the special account for raised funds, completing the full repayment of the idle raised funds previously used for temporary working capital.
The company had previously disclosed the continued use of idle raised funds for working capital on December 27, 2024, in announcement 2024-081. The details of the prior repayment of partial idle raised funds could be found in announcement 2025-031. The company has informed its sponsor institution and sponsor representatives of this repayment.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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