Fenglong Group: plans to use the remaining raised funds of 138 million yuan to permanently supplement working capital.

Fenglong Group announced that the company has adjusted the investment scale of the "Annual Production of 3.25 Million Sets of Hydraulic Components Project" through the public issuance of convertible corporate bonds and has completed the project. The total amount of RMB 138 million in the fundraising special account will be used to permanently supplement working capital, including the repayment of RMB 50 million in borrowed funds raised by the company, as well as accumulated financial income and bank deposit interest received.