Champion Alliance International Holdings Limited (Stock Code: 1629) announced a change in the expected schedule for utilizing the remaining balance of its net proceeds from the initial listing. As of 30 June 2025, RMB18.766 million had already been deployed. By 31 December 2025, an additional RMB1.698 million was utilized for upgrading production equipment, leaving RMB17.121 million unused.

According to the updated plan, the remaining funds—originally designated for the purchase and upgrade of production and non-production facilities—will now be utilized by 31 December 2026. The total net proceeds from the listing stand at RMB37.585 million, of which RMB20.464 million had been used by 31 December 2025. The decision to postpone the use of the remaining RMB17.121 million was driven by an economic downturn during 2025, prompting the company to adopt stricter cost control measures and defer further capital expenditures.

The board indicated that this adjusted timeline is not expected to adversely affect the company’s existing operations. Champion Alliance International will continue to provide updates on the status of the remaining proceeds through its annual and interim reports, as well as further announcements if necessary.