Guolian Aquatic returns idle funds to special account

Zhanjiang Guolian Aquatic Products (SZSE:300094) announced that it has returned RMB 200 million of idle raised funds, previously used for temporary working capital, to a designated special account on March 17, 2025. The return complies with the approved usage period authorized by the board of directors. The company originally received approval in March 2023 to allocate the funds, later extending the period in March 2024. Guolian Aquatic confirmed that the use of these funds was strictly managed according to regulatory requirements, including the "Guidance on Supervision of Listed Companies No. 2" and relevant exchange guidelines. The company also stated the funds were used solely for operations related to its primary business, with no impact on the normal progress of raised-fund investment projects or changes to the intended use of the funds. The return of the funds has been communicated to the company's sponsor, China Securities.