NBTM New Materials Group Co., Ltd.SSE: 600114

(600114)"NBTM New Materials Group Co., Ltd."Announcement on Use of Raised Funds to Replace Self-raised Funds Previously Invested in Raised Funds Investment Projects and Used to Advance Issuance Expenses

· Issued by NBTM New Materials Group Co., Ltd. via Shanghai Stock Exchange

Filed with SSE · Stock code 600114 · · 6 pages · Chinese

Summary by 6ix AI

NBTM New Materials Group Co., Ltd. announced its plan to use raised funds to replace self-raised funds previously invested in projects and to cover issuance expenses. The company intends to replace a significant amount of self-raised funds with the raised funds within the stipulated timeframe. The board of directors approved this plan, confirming it aligns with regulatory requirements and does not affect the investment projects' progress. Independent auditors and financial advisors have reviewed and supported the company's decision regarding the fund replacement.

Written in English by 6ix AI from the company’s Chinese-language filing. How 6ix writes summaries

On 6ix: 6ix.com/news/600114nbtm-new-materials-group-co-ltdannouncement-on-use-of-raised-funds-to-replace-self-raised-funds-previously-invested-in-raised-funds-investment-projects-and-used-to-advance-issuance-expenses

Release

Announcement on Use of Raised Funds to Replace Self-raised Funds Previously Invested in Raised Funds Investment Projects and Used to Advance Issuance Expenses

The abstract is for reference only. Please refer to the full text of the announcement on the very day.

NBTM New Materials Group Co., Ltd. on 6ix

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