Metersbonwe(SZ:002269) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2026-01-05 16:58Investment Overview - The company plans to establish a joint venture named Guizhou Metersbonwe New Energy Textile and Apparel Technology Co., Ltd. in Dafa County, Bijie City, Guizhou Province, with a total investment of RMB 100 million, where the company's subsidiary will contribute RMB 10 million, accounting for 10% of the total investment [3][4][6]. Joint Venture Structure - The registered capital of the joint venture is set at RMB 10 million, with Guizhou Textile Industry Development Group contributing RMB 51 million (51% stake), Guizhou Agricultural Modernization Development Equity Investment Fund contributing RMB 39 million (39% stake), and the company's subsidiary contributing RMB 10 million (10% stake) [3][6][7]. Governance and Management - The joint venture will have a governance structure including a shareholders' meeting and a board of directors, with the board consisting of 7 members, where the company can nominate 1 director [9][10][11]. The chairman will be nominated by Guizhou Textile Industry Development Group [9]. Performance Targets - The joint venture has set performance targets, including achieving a cumulative net profit of RMB 50 million and cumulative tax of RMB 100 million by December 31, 2030, with a product quality qualification rate of over 98% [18][57]. If these targets are not met, the company will have to fulfill a compensation obligation [22][57]. Investment Rationale - The investment aims to leverage the resources and advantages of all parties involved to promote local employment and economic development, utilizing modern technology and scientific management methods in the apparel production and processing project [21].