Nanjing Sinolife United Co., Ltd. Class H (HK:3332) has released an update.
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Nanjing Sinolife United Co., Ltd. has announced that approximately RMB 4.5 million from their net proceeds remains unutilized as of the end of 2023. The funds, earmarked for the construction of a research and development center, expansion of production capacity, and establishment of an information and logistics center, are expected to be fully utilized by mid-2025. The company attributes the unutilized portion to effective cost control measures and confirms no material change in the use of proceeds from their 2017 plans.
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