ST Pawa: Disclosure of the storage, management, and usage of raised funds in the first half of 2026.
ST Pava announced that the company raised a net amount of 1.595 billion yuan from its initial public offering in 2022. As of June 30, 2026, the balance in the fundraising storage account is 28.4934 million yuan. The company has cumulatively used 322 million yuan of idle raised funds to temporarily supplement working capital and has used 30 million yuan of oversubscribed funds to repurchase shares. In addition, the company has terminated the "15,000-ton per year ternary precursor project" and sold related assets, with the Lanxi Development Zone Management Committee having paid 36.8662 million yuan, while the remaining payments are still ongoing.
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