Fibocom Wireless returns CNY 108m to raised fund account

Shenzhen Fibocom Wireless (SZSE:300638) announced that it has returned CNY 108 million of idle raised funds previously used to replenish working capital. The funds were fully returned to the dedicated raised fund account by April 1, 2025, within the approved 12-month period since the board's approval on April 3, 2024. The company confirmed the temporary use of funds did not impact the normal progress of raised fund investment projects. The company also notified its sponsors of the return.