Jilin OLED Material Tech (SHA:688378) is closing two over-raised fund investment projects in perovskite solar cell equipment and materials, freeing up 14.6 million yuan in surplus proceeds to supplement working capital.

The perovskite evaporation equipment project spent 23.5 million yuan of its 29-million-yuan budget, while the carrier transport materials project used 12.3 million yuan of its 20-million-yuan allocation.

Combined interest and investment income added 1.4 million yuan to the surplus.

Shares of the advanced materials manufacturer closed 5% higher Monday.