Huazhang Technology Updates Use of Listing Proceeds: RMB1.49 Million Deployed for Key Staff Salaries, RMB1.20 Million Still Pending

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Huazhang Technology Holding Limited released a supplemental announcement to its FY-2025 annual report, detailing the latest status of funds raised from its Hong Kong listing.

As of 30 June 2024, the company carried forward RMB2.69 million in unutilised net proceeds. During the financial year ended 30 June 2025, RMB1.49 million was applied to salary adjustments for key employees, in line with previously stated intentions.

Following this deployment, RMB1.20 million of the original proceeds remains unutilised. The board reiterated that the residual amount will be fully allocated to further salary adjustments for key employees according to the original timeline.

The company confirmed that no other information in the FY-2025 annual report is affected by this update; all other disclosures remain unchanged.

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