Deren: Plans to use 250 million yuan of idle raised funds for liquidity, with a usage period not exceeding 12 months

On August 13, 2025, Deren held a board of directors and supervisory board meeting, approving the proposal to continue using RMB 250 million of idle raised funds to temporarily supplement working capital, with a usage period not exceeding 12 months from the date of approval. In 2021, the company raised a net amount of RMB 1.643 billion through a private placement of shares. As of June 30, 2025, RMB 1.39 billion has been used, with a special account balance of RMB 1.1923 million. The previously idle RMB 300 million raised funds have all been repaid. This supplementary funding can alleviate the company's financial pressure and improve the efficiency of fund utilization, with an estimated savings of approximately RMB 7.5 million in financial expenses