Guangdong Rifeng Electric Cable (002953.SZ) announced on October 9 that the company held the 11th meeting of the fifth board of directors and the tenth meeting of the fifth board of supervisors on December 26, 2023. They reviewed and approved the proposal 'Regarding the temporary supplementation of working capital with some idle funds,' agreeing for the company to continue to temporarily replenish working capital with some idle raised funds, not exceeding RMB 0.1 billion, for production and operation related to the company's main business. The funds will be returned to the company's special account for raised funds within 12 months from the date of approval by the board of directors.

On February 26, 2024, the company prematurely returned RMB 10 million used for temporary working capital supplementation to the company's special account for raised funds, and informed the company's sponsor institution and sponsor representative of the return situation of the raised funds.

On October 9, 2024, the company prematurely returned RMB 90 million remaining for working capital supplementation to the company's special account for raised funds without exceeding the usage period approved by the board of directors (due on December 26, 2024). As of the date of the announcement, the company has returned all the idle raised funds for temporary working capital to the special account for raised funds and informed the company's sponsor institution and sponsor representative of the return situation of the raised funds.