002792SZSE

Announcement on Joint Investment with Professional Investment Institutions

Tongyu Communication Inc.··9 pages

✨ AI Summary

Guangdong Tongyu Communication Co., Ltd. plans to invest 10 million yuan in the Huaxia Zhuoyao Venture Capital Fund as a limited partner, representing 29.85% of the fund. This investment aims to enhance the company's strategic positioning in the satellite communication sector. The investment does not involve related transactions and will not significantly impact the company's financial performance.

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Full Translation

AI Translation· azure_openai

Guangdong Tongyu Communication Co., Ltd. (hereinafter referred to as "the Company" or "Tongyu Communication") and all members of the Board of Directors guarantee that the content of this information disclosure is true, accurate, and complete, without false records, misleading statements, or major omissions.

Important Content Reminder:

  1. The investment target is the Huaxia Zhuoyao Venture Capital Fund (Beijing) Partnership (Limited Partnership) (hereinafter referred to as "the Partnership" or "the Fund").
  2. Investment amount: The Company, as a limited partner, will contribute 10 million yuan to the Partnership, accounting for 29.85% of the total contribution.
  3. This investment does not involve related transactions and does not constitute a major asset restructuring as defined by the "Administrative Measures for Major Asset Restructuring of Listed Companies." This investment does not require submission for Board or shareholder meeting review.
  4. Risk Warning: The Company does not have significant influence or control over the Partnership, and the investment will not expand the scope of consolidated financial statements. The Partnership may be affected by various factors during its investment operations, including but not limited to macroeconomic conditions, market environment, investment targets, industry cycles, and corporate management. Additionally, the Fund has characteristics of a long investment cycle and low liquidity, which may lead to a longer investment recovery period and risks of investment failure or returns below expectations. This investment will not have a significant impact on the Company's operating performance. The Company will closely monitor the operational management of the Partnership and the implementation of investment projects to minimize investment risks. Investors are advised to make cautious decisions and pay attention to investment risks.

I. Overview of the External Investment
To promote the implementation of the Company's strategy, leverage the industry experience and resource advantages of professional investment institutions, and continuously deepen its layout in the satellite communication field, the Company recently signed the "Partnership Agreement of Huaxia Zhuoyao Venture Capital Fund (Beijing) Partnership (Limited Partnership)" (hereinafter referred to as "the Partnership Agreement") with Huaxia Equity Investment Fund Management (Beijing) Co., Ltd. (hereinafter referred to as "Huaxia Equity") and other limited partners to jointly establish the "Huaxia Zhuoyao Venture Capital Fund (Beijing) Partnership (Limited Partnership)." The Fund will invest in equity of relevant unlisted companies in the satellite manufacturing and operation industry and its upstream and downstream industries. The Company will contribute 10 million yuan in self-owned funds as a limited partner. According to the "Shenzhen Stock Exchange Stock Listing Rules," "Shenzhen Stock Exchange Listed Company Self-Regulatory Guidelines No. 7 - Transactions and Related Transactions," and other relevant laws, regulations, and the Company's Articles of Association, this investment does not require submission for Board or shareholder meeting review. This investment does not involve related transactions and does not constitute a major asset restructuring as defined by the "Administrative Measures for Major Asset Restructuring of Listed Companies."

II. Basic Information of the Partner

  1. The professional investment institution jointly investing with the Company is Huaxia Equity, with the following basic information:
    ItemDetails
    TypeLimited Liability Company
    Establishment DateOctober 9, 2023
    Legal RepresentativeLi Yimei
    Registered Capital500 million yuan
    Unified Social Credit Code91110113MAD1MGY8736
    Registered AddressRoom 216, 1st to 7th Floors, Building 1, No. 3 Anqing Street, Shunyi District, Beijing
    Business ScopeGeneral projects: Private equity fund management, venture capital fund management services (must be registered with the Asset Management Association of China before engaging in business activities).
    Shareholding StructureHuaxia Equity is 100% owned by Huaxia Fund Management Co., Ltd.
    Private Fund Manager Registration CodeGC1600033066
    Credit StatusHuaxia Equity is not listed as a dishonest executor.

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