newlink tech (09600.HK) announced that, after fully and carefully considering the current business environment and development needs of the group, the board of directors decided to change the purpose of the unused IPO proceeds. This includes reallocating approximately 49.2 million yuan of unused over-raised funds for working capital and other general corporate purposes; approximately 38.9 million yuan will be used for developing innovative general products; and approximately 20 million yuan will be used for developing innovative financial products.

newlink tech stated that the further reallocation of the unused IPO proceeds is in line with the group's business strategy and will enhance the efficiency of using the IPO proceeds in the future. (js/w)

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