QIFAN(SH:605222) Shang Hai Zheng Quan Bao·2025-12-05 19:50Core Viewpoint - Shanghai Qifan Cable Co., Ltd. has successfully returned the idle raised funds of RMB 40 million that were temporarily used to supplement working capital, ensuring compliance with regulatory requirements and maintaining financial integrity [2][4]. Group 1: Fundraising and Usage - The company approved the temporary use of idle raised funds amounting to RMB 40 million for working capital on December 24, 2024, with a usage period not exceeding 12 months [3]. - The decision was made during the 31st meeting of the third board of directors and the 22nd meeting of the third supervisory board [3]. Group 2: Fund Return Details - As of December 4, 2025, the company has fully returned the RMB 40 million used for temporary working capital back to the designated fundraising account [4]. - The company has informed the sponsoring institution and the representative of the sponsor about the return of the funds in a timely manner [4].