---
title: "SHANSHUI TECH plans to use the excess raised funds of 10.17 million for permanent liquidity support, pending shareholder meeting approval"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/257122000.md"
description: "The board of directors of Jiujiang Shanshui Technology Co., Ltd. approved the proposal to permanently supplement working capital using RMB 10.17 million of the excess raised funds, pending shareholder meeting review. The company's net fundraising in 2021 was RMB 1.384 billion, and RMB 63.54 million has been used from 2022 to 2024, leaving excess funds of RMB 10.1722 million. This replenishment accounts for 14.34% of the total excess funds, with a commitment not to engage in venture capital and financial assistance within 12 months, and the cumulative replenishment every 12 months not exceeding 30%"
datetime: "2025-09-12T13:11:22.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/257122000.md)
  - [en](https://longbridge.com/en/news/257122000.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/257122000.md)
---

# SHANSHUI TECH plans to use the excess raised funds of 10.17 million for permanent liquidity support, pending shareholder meeting approval

On September 12, 2025, the 16th meeting of the third board of directors of Jiujiang Shanshui Technology Co., Ltd. reviewed and approved the proposal on "Using part of the excess raised funds to permanently supplement working capital," which still requires approval from the shareholders' meeting. In December 2021, the company raised a net amount of 1.384 billion yuan. Previously, from 2022 to 2024, a total of 63.54 million yuan of excess raised funds had been used. As of August 31, 2025, the remaining excess raised funds amounted to 10.1722 million yuan. The company intends to use this fund to permanently supplement working capital, accounting for approximately 14.34% of the total excess raised funds, for the production and operation of its main business. The company promises not to engage in venture capital and financial assistance within 12 months after the capital supplementation, and the cumulative supplementation every 12 months will not exceed 30% of the total excess raised funds

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