TONGYU(SZ:002792) Zheng Quan Ri Bao·2025-10-11 05:29Investment Overview - The company, Guangdong Tongyu Communication Co., Ltd., has signed a partnership agreement to establish a specialized investment fund aimed at enhancing its strategic implementation in the satellite communication sector [2][28] - The company will contribute 100 million RMB as a limited partner in the fund, which is expected to invest in a leading low-orbit satellite internet company [2][28] - The fund is set to have a total scale of 200 million RMB and will be managed by Shenzhen Chengdian Dawei Private Equity Fund Management Partnership [6][28] Partner Information - The investment partner, Chengdian Dawei, is a private equity fund management firm based in Shenzhen, with no existing relationships or interests with the company or its major shareholders [3][28] - The fund was established on January 24, 2022, with a registered capital of 10 million RMB [4][6] Fund Structure and Management - The fund will operate as a limited partnership with a lifespan of five years, divided into three years for investment and two years for exit [6][28] - The management fee structure includes a 2% annual fee during the investment period and a 1% fee during the exit period, totaling 8% of the invested amount [20][28] Investment Purpose and Impact - The investment aims to deepen the company's industrial layout in satellite communication and enhance its competitive capabilities through resource integration [28] - The satellite internet industry in China is experiencing rapid growth, with significant market opportunities arising from ongoing low-orbit satellite projects [28] Financial Implications - The investment will be funded through the company's own resources and is not expected to significantly impact its financial status or daily operations [28][30] - The company will continue to focus on low-orbit satellite communication and related technologies to build a sustainable competitive advantage in the industry [28]