Hengyi Petrochemical to use idle funds for working capital

Hengyi Petrochemical (SZSE:000703) announced that its 12th Board of Directors, at its 25th meeting held on July 2, 2025, approved the use of idle raised funds to temporarily supplement the company's working capital. The company intends to use no more than CNY 85,000,000 for working capital purposes related to its main business operations. The usage period will not exceed 12 months from the date of board approval, after which the funds will be returned to a dedicated account for raised funds. This move aims to improve the efficiency of raised fund utilization and reduce the company's financial expenses, while ensuring that the funds needed for the construction of the investment projects are not impacted.