Risen Energy repays CNY 100m in idle funds

Risen Energy Co., Ltd. (SZSE:300118) announced that it has fully repaid CNY 100 million of idle funds that were temporarily used to supplement its working capital. The funds were initially approved for temporary use during the fourth session of the twelfth meeting of the fourth board of directors and the ninth meeting of the fourth board of supervisors on October 18, 2024. The company stated that the use of these funds did not impact the normal progress of its capital investment projects or its production and operations. The funds were fully returned to their designated special accounts by June 6, 2025, within the approved usage period of 12 months. Risen Energy affirmed that it adhered to relevant regulations, including guidelines on the management and use of raised funds.