Beiqing Huanneng (000803): Return In Advance The Raised Funds Temporarily Used To Supplement Working Capital

Beiqing Huanneng (000803) issued an announcement on the evening of July 30. The company held the 19th meeting of the 10th board of directors and the 9th meeting of the 10th board of supervisors on August 19, 2020, and deliberated and passed the proposal on temporarily replenishing working capital with some idle raised funds. In order to meet the needs of daily operation, make up for the fund gap in daily operation, improve the utilization efficiency of raised funds, reduce short-term liabilities, reduce financial costs, and maximize the interests of the company and shareholders, the company plans to use part of idle raised funds no more than 125 million yuan to supplement working capital temporarily for production and operation related to main business, The service life shall not exceed 12 months from the date when the proposal is deliberated and approved by the board of directors.

For details, please refer to the announcement on temporarily replenishing working capital with some idle raised funds (Announcement No.: 2020-123) disclosed by the company on August 20, 2020 in China Securities Journal, Shanghai Securities News and www.cninfo.com.cn. According to the above resolution, the company has made reasonable arrangement and use of the funds during the period of using some idle raised funds to temporarily supplement the working capital, and the fund utilization is in good condition. On July 30, 2021, the company returned the above-mentioned raised funds of RMB 125 million for temporary supplement of working capital to the special account for raised funds in advance, with a service life of no more than 12 months. As of the disclosure date of this announcement, the idle raised funds used by the company for temporary supplement of working capital have been returned. The company has informed the company's financial consultant and project sponsor of the return of the above raised funds.