Mtalco(SH:601677) Zheng Quan Zhi Xing·2025-08-22 16:29Core Viewpoint - The company plans to temporarily use idle funds from a specific stock issuance to supplement working capital, with a maximum amount of 300 million RMB and a usage period not exceeding twelve months from the board's approval date [1][2]. Group 1: Fundraising Overview - The company has received approval from the China Securities Regulatory Commission to issue 100 million shares, raising a total of 1.28 billion RMB, with a net amount of approximately 1.27 billion RMB after deducting issuance costs [1]. - The funds were fully received on August 2, 2023, and a verification report was issued confirming the capital increase [1]. Group 2: Fund Usage and Project Details - The net proceeds from the fundraising are intended for an annual production project of 250,000 tons of new energy battery materials, which has since been modified to fund a wholly-owned subsidiary's aluminum industry park project [2]. - As of June 30, 2025, the company has returned 400 million RMB of the raised funds to the dedicated account [2]. Group 3: Decision-Making Process - The decision to use part of the idle funds was approved in a board meeting held on August 22, 2025, and complies with regulatory requirements [3][4]. - The sponsor has confirmed that this action does not affect the ongoing investment projects and adheres to relevant regulations [4].