The company announced that, during its 34th meeting of the fourth board of directors and 26th meeting of the fourth board of supervisors held on March 28, 2025, it reviewed and passed a proposal regarding the use of a portion of idle raised funds for cash management. LOPAL TECH (including its subsidiaries) intends to utilize up to 600 million yuan from the idle proceeds of its non-public stock issuance for cash management purposes.
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