Naura Technology sets up dedicated account for working capital

Naura Technology Group Co., Ltd. announced the establishment of a dedicated account for temporarily supplementing working capital with a portion of its raised funds. This follows approval by the company's Eighth Board of Directors and Eighth Board of Supervisors on October 30, 2025, to utilize up to 1,250,000,000 yuan of idle raised funds for this purpose for a period not exceeding 12 months.

The company previously raised a total of 8,499,999,904.00 yuan through a non-public offering of 27,960,526 shares at 304 yuan per share. After deducting issuance expenses, the net proceeds amounted to 8,452,086,733.70 yuan. These funds were primarily allocated to projects such as the semiconductor equipment industrial base expansion, high-end semiconductor equipment research and development, and the high-precision electronic components industrial base expansion, with 1,868,377,700 yuan specifically designated for supplementing working capital.

A three-party supervisory agreement has been signed by Naura Technology Microelectronics Equipment Co., Ltd., Huaxia Bank Beijing Dongdan Branch, and China International Capital Corporation Limited to govern the dedicated account. The account is exclusively for the temporary replenishment of working capital for the semiconductor equipment industrial base expansion project (Phase IV) and its funds are to be used only for production and operational activities related to the company’s main business.