RS MACALLINE (01528.HK): Repays in Full RMB 1.0055bn of Idle Proceeds Used for Working Capital

NewTimeSpace News: On 24 September 2026, Red Star Macalline Group Corporation Ltd. (the "Company") published an overseas regulatory announcement reproducing its announcement on the return of raised funds temporarily used to supplement working capital, as published on the website of the Shanghai Stock Exchange. As of 24 September 2026, the Company had returned in full the idle raised funds of RMB 1,005.50 million temporarily used to supplement working capital to the dedicated raised-funds account, with zero balance outstanding and the usage period not exceeding 12 months.

The announcement disclosed that on 24 October 2025, the Company convened the 48th ad hoc meeting of the fifth session of the board, which approved the use of part of the idle raised funds (not exceeding RMB 1,010.00 million) to temporarily supplement working capital for a period not exceeding 12 months (from 24 October 2025 to 23 October 2026). The raised funds came from the Company's 2020 private placement, with proceeds received on 11 October 2021; on 24 October 2025 the Company transferred out RMB 1,005.50 million from the dedicated raised-funds account for the temporary working capital supplement.

The Company stated that the amount returned this time was RMB 1,005.50 million, with completion on 24 September 2026; the Company has notified its sponsor and sponsor representatives of the return of the raised funds.

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