Tinci Materials returns RMB700m in temporarily utilized funds

Guangzhou Tinci Materials Technology Co., Ltd. announced it has returned RMB700 million in idle raised funds that were temporarily used to supplement working capital. The return was completed on December 22, 2025, to the company's dedicated fundraising account, well in advance of the approved 12-month usage period. The company has also notified its sponsor institution and sponsor representatives of this return.

The decision to utilize up to RMB700 million of idle raised funds for temporary working capital was approved at board meetings held on December 30, 2024. The approval permitted the use of funds for a period not exceeding 12 months from the date of the board's approval. The company confirmed that the funds were managed and used appropriately, and this temporary utilization did not impact the normal progress of investment projects financed by the raised funds.

This action aligns with the company's previously disclosed "Announcement on the Use of Partially Idle Raised Funds to Temporarily Supplement Working Capital" released on December 31, 2024. The prompt return of the funds underscores the company's prudent financial management and adherence to regulatory guidelines concerning raised capital.