CNFC Overseas Fisheries concludes fundraising projects

CNFC Overseas Fisheries announced the completion of its 2021 non-public offering investment projects, specifically the "Renovation and Construction of 17 Tuna Longline Fishing Vessels Project" and the "Tuna R&D and Processing Center Project". The projects have reached their planned construction goals, leading the company to formally conclude them. The non-public offering raised a total of CNY 399,999,997.44, with a net amount of CNY 388,802,391.68 allocated after deducting issuance expenses. The company has established dedicated bank accounts for managing the funds. As of June 27, 2025, the "Renovation and Construction of 17 Tuna Longline Fishing Vessels Project" had CNY 12,355.34 invested, while the "Tuna R&D and Processing Center Project" had CNY 13,596.99 invested. The company will continue to use the remaining funds in dedicated accounts to complete the payment of remaining expenses related to these projects.