GCL Energy Tech repays 1.4 bn yuan in idle funds ahead of schedule

GCL Energy Technology announced the early repayment of 1.4 billion yuan in idle raised funds that were temporarily used to supplement working capital. The decision to utilize these funds was approved at board meetings held on November 20, 2024. The approval granted the company a maximum of 12 months from the date of the board’s deliberation to return the funds.

As of November 10, 2025, the company has fully returned the 1.4 billion yuan to its raised capital account, completing the repayment ahead of the 12-month deadline. The company's announcement was initially disclosed on November 21, 2024, in the China Securities Journal, Securities Times, and on the Juchao Information Network.

GCL Energy Technology has informed its sponsor institution, China International Capital Corporation Limited, and its sponsor representatives about the timely repayment of these raised funds. This action underscores the company’s adherence to its funding arrangements and financial commitments.