Yuguang Gold & Lead to use idle funds for working capital

Henan Yuguang Gold & Lead Group will use up to 130 million yuan of idle raised funds to temporarily supplement working capital for up to 12 months. This decision, following a board resolution on October 29, 2025, aims to enhance fund utilization and reduce financial costs. The funds will be exclusively for production and operational use related to the company’s main business, strictly avoiding speculative investments.

The company's 2024 convertible bond issuance raised 710 million yuan, with a net total of 696,322,424.53 yuan after deducting issuance expenses. As of October 24, 2025, 49,261.19 million yuan of the raised funds have been used, leaving a balance of 20,756.85 million yuan. Investment projects include a recycled lead closed production line (65.59% completed), a 200-ton new electrical contact materials project (9.14% completed), a distributed photovoltaic power generation project (97.87% completed), and working capital supplementation (100% completed).

Guolian Minsheng Securities Underwriting and Sponsorship Company Limited, the issuer's sponsor, reviewed the plan and confirmed its compliance with regulations and the company's internal rules. Henan Yuguang Gold & Lead Group previously returned 200 million yuan in temporary working capital funds by October 24, 2025, demonstrating its commitment to timely repayment and ensuring no impact on investment projects.