Mokingran Jewellery Group Co. Ltd. has announced the temporary utilisation of RMB210 million of idle proceeds raised from its H Share IPO to replenish working capital for one year. This allocation includes RMB70 million for upgrading production facilities, RMB90 million for the establishment of a marketing network, and RMB50 million for upgrading information technology systems. The company has re-planned the timetable for the use of these proceeds, extending certain utilisation periods to the end of 2027. The Board aims to enhance fund utilisation efficiency and reduce finance costs while maintaining operational quality and stability.

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