GRG Metrology shifts funds to boost central China base

Guangzhou GRG Metrology & Test Co., Ltd. is reallocating 50,000,000 yuan of its non-public offering proceeds, originally designated for the "GRG Metrology East China Testing Base Project," to the "GRG Metrology Central China (Wuhan) Testing Base Project." This decision aims to enhance capital utilization efficiency and strengthen the company's national laboratory network. The reallocated amount represents 3.37% of the net raised funds.

The "GRG Metrology East China Testing Base Project" had a planned investment of 35,000,000 yuan from the raised funds, with 21,199,970 yuan already utilized as of August 31, 2025, reaching 60.57% completion. The "GRG Metrology Central China (Wuhan) Testing Base Project" had an original planned investment of 20,000,000 yuan, with 18,377,000 yuan utilized, achieving 91.89% completion by the same date.

The adjustment was deemed compliant with relevant regulations by Huatai United Securities, the company’s sponsor, and will be submitted for approval at the company's Third Interim Shareholders' Meeting in 2025, scheduled for October 16, 2025. This meeting will also cover other routine matters and allow for both in-person and online voting by shareholders.