Sifang New Materials plans to return the full amount of the 200 million yuan raised for idle fundraising to the special account for supplementary liquidity.

On August 26, 2024, the 11th meeting of the third board of directors of Chongqing Sifang New Materials Co., Ltd. reviewed and approved a proposal to use up to 200 million yuan of idle raised funds to temporarily supplement working capital for the company's main business-related operations. The funds will be used within 12 months from the date of approval by the board of directors. On August 22, 2025, the company has fully returned the 200 million yuan to the special account for raised funds and notified the company's sponsor representative.