Tengya Precision: Jointly invest with related parties to establish a joint venture company.

date
04/08/2025
Tengya Precision announced that the company plans to establish Tengya Kezhong in conjunction with Nanjing Yunji, Hunan Kezhong, and Sanjiu San. The registered capital of Tengya Kezhong is 10 million yuan, with the company contributing 4 million yuan in cash, accounting for 40% of the registered capital. Nanjing Yunji will contribute 2 million yuan in cash, accounting for 20% of the registered capital. Hunan Kezhong will contribute 3.2 million yuan in technology, accounting for 32% of the registered capital. Sanjiu San will contribute 800,000 yuan in cash, accounting for 8% of the registered capital. Nanjing Yunji intends to exclusively, gratuitously, and irrevocably entrust the company with the non-proprietary rights such as proposal rights, voting rights, and convening rights corresponding to the 20% equity of Tengya Kezhong it holds. After the transaction is completed, Tengya Kezhong will be included in the company's consolidated financial statements.