Core Viewpoint - China Metallurgical Group Corporation (MCC) announced a change in the use of raised A-share funds, reallocating the unused funds from the "Afghanistan Aynak Copper Mine Project" to permanently supplement the company's working capital [1] Group 1 - The third session of the board's 80th meeting is scheduled for December 8, 2025, to review the proposal [1] - The proposal requires approval from the company's shareholders' meeting [1]

Group 1 - The company plans to use the remaining A-share fundraising of 960 million RMB from the Afghanistan Aynak copper mine project, which has not yet been put into use, to permanently supplement its working capital [1]

Summary of Key Points Core Viewpoint The report outlines the status of the fundraising activities of China Metallurgical Group Corporation, detailing the total amount raised, the actual usage of funds, and the management of these funds as of the first half of 2025. Group 1: Fundraising Overview - The company raised a total of RMB 1,835,897 million from its A-share IPO, with a net amount received of RMB 1,835,897 million after deducting various fees [1][2] - As of June 30, 2025, the company had RMB 96,013 million remaining in unused A-share fundraising, including interest accrued from bank deposits [2][3] Group 2: Fund Management - The company has established a fundraising management system to regulate the use of A-share funds, ensuring investor protection and compliance with relevant regulations [2][3] - The management system has been revised to allow for the temporary use of idle funds for working capital, subject to board approval, and to enhance information disclosure requirements [3][4] Group 3: Actual Fund Usage - During the reporting period, the company utilized RMB 95,999 million of idle A-share fundraising to temporarily supplement working capital, which was fully returned to the fundraising account by March 26, 2025 [4][5] - The total amount of A-share fundraising used for projects remains at zero for the reporting period, with no new changes to the fundraising project usage [5][6] Group 4: Project Changes and Issues - There were no new changes in the fundraising project usage for the year, and the company has maintained compliance with disclosure requirements regarding fundraising management [5][6] - The report indicates that the company has not encountered any regulatory violations in the management of fundraising [6][7]