The mid-level soldier Red Arrow Company raised 35 million idling funds to replenish working capital and fully repay it.

date
23/09/2025
On September 29, 2024, the Red Arrow Group held a meeting and approved its wholly-owned subsidiary, Northern Coastal, to temporarily supplement working capital using idle funds not exceeding 35 million yuan, with a usage period not exceeding 12 months. Northern Coastal actually used 35 million yuan, and reasonably arranged the funds during the usage period, only for the production and operation of its main business, without involving high-risk investments, and the fund utilization was in good condition. As of September 22, 2025, Northern Coastal has returned the full 35 million yuan to the special account for raised funds and notified the independent financial adviser CITIC Securities. The board of directors of the Red Arrow Group issued this announcement on September 24, 2025.