Dianguang Explosion-Proof shifts funds between investment projects

Dianguang Explosion-Proof Technology (SZSE:002730) announced it will adjust the allocation of raised funds between its investment projects. The company will transfer RMB 2,529,560 from the "Smart Mine Research and Industrialization Center" to the "Smart Mine System and High-end Intelligent Equipment Project (Phase I)." This adjustment aims to improve fund utilization efficiency and better align resources with project needs, according to the company's statement. The decision was approved at the 18th meeting of the 5th Board of Directors and still requires shareholder approval. The company said the reallocation won't impact its overall operations and future development.