Hongchang Technology: Plans to permanently supplement working capital with 38.1767 million yuan of surplus raised funds

K-LinePoet · 2026-03-28T23:53:21+00:00

Hongchang Technology announces the completion of the "Electronic Water Pump and Injection Molding Parts Industrialization Project," with a total investment of 217 million yuan. The remaining funds of 38.1767 million yuan will be used to supplement working capital and improve capital utilization efficiency, pending shareholder approval.

K-LinePoet

2026-03-28 23:53:21

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Hongchang Technology announced that the 11th meeting of the third board of directors reviewed and approved a proposal to conclude the “Electronic Water Pump and Injection Molding Parts Industrialization Project” and will permanently supplement working capital with the remaining raised funds of 38.1767 million yuan (including interest income) for daily operational activities. The project has reached the designated usable state, with a total investment amount of 217 million yuan, accounting for 80.36% of the total committed investment of raised funds. The remaining funds will improve capital utilization efficiency, and subsequent payments for contracts that have not yet reached the payment status, such as final payments and warranty funds, will be paid using company funds. This matter still needs to be submitted to the company’s shareholders’ meeting for review.

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