On April 3, CATL issued an announcement stating its intention to adjust the designated use of a portion of its raised A-share funds. The company will reallocate the uninvested capital, originally earmarked for the "Guangdong Ruiqing Contemporary Lithium-ion Battery Production Project Phase I," to the "Contemporary Amperex Technology Xiamen Battery Industrial Base Project."
According to the announcement, the total amount of raised funds to be reallocated is 4.8 billion RMB (including interest, with the exact amount subject to the actual transfer time). The relevant proposal was reviewed and approved by the company's Board of Directors in March 2026, and subsequently ratified at the annual general meeting of shareholders.
Following the adjustment, the aforementioned funds will be fully dedicated to the construction of the Xiamen Battery Industrial Base Project. This project will be implemented by the company's wholly-owned subsidiary, Xiamen Contemporary Amperex Technology Power Technology Co., Ltd. Any funding shortfall will be covered by the company through its own internal capital or self-raised funds.
CATL stated that this modification aims to optimize the allocation of raised funds and improve capital utilization efficiency, in alignment with the progress of project construction and the company's overall development strategy.
Meanwhile, the company and its subsidiary have established new dedicated accounts for the raised funds. They have also signed a tripartite regulatory agreement with the Ningde Branch of China CITIC Bank, the Fuzhou Branch of Ping An Bank, and the sponsor institution, China Securities Co., Ltd. (CSC Financial), to implement dedicated account management and continuous supervision over the use of the funds. The agreement specifies that the raised funds will be strictly earmarked for their designated purposes, and all relevant parties will fulfill their information disclosure and regulatory responsibilities as agreed upon.
Source：EnergyTrend