Minmetals New Energy's subsidiary plans to use 250 million yuan of idle raised funds for cash management

On September 19, 2025, Minmetals New Energy Materials Co., Ltd. held a meeting to review and approve the proposal for its wholly-owned subsidiary, Hunan Changyuan Lithium Technology New Energy Co., Ltd., to use a maximum of 250 million yuan of temporarily idle raised funds for cash management, with a validity period of 12 months, and the funds can be recycled and used. The company previously issued convertible bonds to raise 3.25 billion yuan, with a net amount of 3.238 billion yuan after deducting expenses. This cash management aims to improve the efficiency of fund utilization and increase shareholder returns, investing in products with high safety, good liquidity, and meeting capital preservation requirements. The company stated that this will not affect the fundraising investment projects, and relevant risk control measures have been established, with both the audit committee and the sponsoring institution expressing their agreement