Core Viewpoint - The company Tianyouwei (603202) announced a joint investment with Fujian Sanfeng Investment Group to establish Fujian Tianyouwei Electronic Technology Co., Ltd., with a total investment of 10 million yuan, aiming to enhance market presence and competitiveness in the automotive parts sector [1] Investment Details - The investment structure includes Tianyouwei contributing 7 million yuan for a 70% stake and Sanfeng Group contributing 3 million yuan for a 30% stake [1] - The new subsidiary will be located in Fuzhou, Fujian Province, focusing on manufacturing, research and development, wholesale, and retail of automotive parts and electronic components [1] Corporate Governance - Fujian Tianyouwei will have a board of directors consisting of three members, with the chairman serving as the legal representative, and a manager appointed by the board [1] - The proposed legal representative is Wang Wenbo [1] Strategic Significance - The establishment of the subsidiary aligns with the company's overall strategic development plan, aiming to leverage the strengths of both shareholders to expand customer base and meet supply demands from automotive manufacturers [1] - This move is expected to create new market opportunities, enhance product market share, and strengthen core competitiveness, which is deemed strategically significant for the company's future operations [1] Internal Approval Process - The investment decision was made within the general manager's approval authority and has followed internal decision-making procedures, thus not requiring board or shareholder meeting approvals [1] - The new subsidiary will be included in Tianyouwei's consolidated financial statements [1]
天有为：拟设立子公司福建天有为电子科技 深化乘用车市场战略布局