TENGDA CONST.(SH:600512) Shang Hai Zheng Quan Bao·2025-12-29 19:05Core Viewpoint - The company, through its wholly-owned subsidiary Ningbo Huihao Investment Co., Ltd., is investing RMB 60 million to establish a venture capital partnership, aiming to diversify its business and leverage professional investment management expertise [2][27]. Group 1: Transaction Overview - The company’s subsidiary will contribute RMB 60 million, representing 51.7242% of the total committed capital of the partnership [2][4]. - The transaction has been approved by the company's board of directors and does not require shareholder approval [5][27]. - This transaction does not constitute a related party transaction or a major asset restructuring [3][5]. Group 2: Partnership Details - The partnership will be managed by Jiangsu Runpu Private Fund Management Co., Ltd., which has a professional investment management team and a normal operating status [7][8]. - The partnership will focus on investment opportunities in the electronic information and equipment manufacturing sectors [10][18]. Group 3: Investment Management and Decision-Making - An investment decision committee will be established, consisting of three members nominated by the general partner, to oversee investment decisions and project management [11][19]. - The fund manager will monitor investments continuously and propose exit strategies when opportunities arise [15][20]. Group 4: Financial Aspects - The fund manager will charge a one-time management fee of 2% based on the total committed capital of the partnership [21]. - Income from investments will be distributed according to a specified order, prioritizing the return of capital and a preferred return of 6% per annum before sharing excess profits among partners [23][24]. Group 5: Impact on the Company - The investment is expected to support the company's development needs and explore business diversification while maintaining overall risk control [27][28]. - The company’s financial condition and ongoing operations are not expected to be adversely affected by this investment [28].