Xinjiang Communications repays ¥208.8m in temporary working capital funds

Xinjiang Communications Construction Group Co., Ltd. announced on November 27, 2025, that it has returned the ¥20,884.30 million in idle raised funds to its dedicated fundraising account. These funds were temporarily used to supplement the company's working capital from convertible company bonds. The decision to temporarily use these funds was approved at board meetings held on April 22, 2025.

The temporary use of funds, not exceeding 12 months, was strictly for production and operation activities related to the company's main business. The company explicitly stated that this temporary allocation would not alter the intended use of the raised funds or impact the normal execution of the fundraising investment plan. Furthermore, the funds were not to be used for high-risk investments such as securities investments or derivative transactions. Details of this arrangement were previously disclosed on April 24, 2025.

The company confirmed that the repayment period did not exceed 12 months and that relevant notification regarding the return of these funds has been issued to the sponsoring institution and sponsor representatives.