New East(SH:603110) Ge Long Hui A P P·2025-10-15 09:50Core Viewpoint - The company, Dongfang Materials (603110.SH), plans to invest 18 million RMB in Suzhou First Element Nanotechnology Co., Ltd. through a convertible debt arrangement, aiming to eventually acquire equity in the company [1] Investment Details - The investment will be made in the form of a convertible debt, with the goal of converting to equity upon meeting specified conditions [1] - The company will also enter into a capital and shareholder agreement to establish a joint venture with a registered capital of 100 million RMB, where Dongfang Materials will contribute 30 million RMB for a 30% stake [1] - The joint venture, tentatively named Carbon Nest Technology (Tengzhou) Co., Ltd., aims to expand the production capacity of First Element's CNTP (nano carbon fiber) [1] Funding and Security Measures - Before the conversion conditions are met, First Element is required to disclose the detailed use of the special funds to the company [2] - The company has the right to require First Element to pledge equipment or raw materials purchased with the special funds as collateral, which will be released upon conversion [2]