Dianguang Explosion-Proof reallocates funds for mining project

Dianguang Explosion-Proof Technology (SZSE:002730) is adjusting its allocation of raised funds to enhance project efficiency. According to a statement verified by Zheshang Securities, the company will reallocate RMB 25.29 million initially earmarked for the "Smart Mine Research and Industrialization Center" to the "Smart Mine System and High-End Intelligent Equipment Project (Phase I)." The decision, approved by the board and supervisors, aims to optimize capital use and accelerate the progress of the intelligent equipment project. This reallocation represents 6.85% of the net raised funds and is not expected to hinder the company's operations or future development. A shareholder vote is pending.