YDC(SH:605555) Shang Hai Zheng Quan Bao·2026-02-09 17:51Group 1 - The core point of the announcement is that Ningbo Dechang Electric Motor Co., Ltd. has successfully held its third board meeting, where all proposed resolutions were approved without any dissenting or abstaining votes [2][3][4]. - The board meeting was convened on February 6, 2026, with all seven directors present, and it complied with relevant laws and regulations [4]. - The board approved a proposal for joint investment with professional investment institutions, which has been reviewed and passed by the audit committee and independent directors prior to the board meeting [5][28][30]. Group 2 - The investment target is the Yancheng Xinchang Venture Capital Partnership (Limited Partnership), with a total subscription amount of RMB 150 million, of which the company will contribute RMB 58.5 million, accounting for 39% [8][9]. - This investment constitutes a related party transaction due to the involvement of the company's controlling shareholder, but it does not qualify as a major asset restructuring under relevant regulations [8][9]. - The investment aims to enhance the company's core competitiveness by integrating resources and promoting product incorporation into emerging industry ecosystems [9][26]. Group 3 - The investment fund will focus on strategic emerging industries and is expected to operate for eight years, with a three-year investment period and a four-year exit period [21][22]. - The management fee for the fund is set at 1.5% per year during the investment period, with specific conditions for performance-based adjustments [23][24]. - The distribution of profits will follow a structured approach, prioritizing the return of capital to limited partners before any profit distribution [25].