Chang Chuan Technology releases Q3 report, addresses fund usage

Hangzhou Chang Chuan Technology released its 2025 third-quarter report, officially disclosed on the China Securities Regulatory Commission's designated ChiNext information disclosure website on October 30, 2025. This followed approvals by its Board of Directors and Board of Supervisors on October 29, 2025.

The company also announced the repayment of RMB 38,000,000 in idle raised funds by October 23, 2025. These funds, previously used for temporary working capital, were returned to the designated special account. Furthermore, the company resolved to continue using idle raised funds, authorizing the temporary allocation of up to RMB 60,000,000 from its 2023 private placement proceeds for general working capital, with a usage period not exceeding 12 months.

These decisions, approved by both the Board of Directors and the Board of Supervisors on October 29, 2025, underscore the company's commitment to optimizing capital utilization while ensuring compliance with regulatory guidelines for listed companies.