Tongding Internet (002491.SZ) plans to establish a joint venture to expand its strategy in the field of upstream core raw materials

Zhitong Finance App News, Tongding Internet (002491.SZ) announced that the company plans to jointly fund the establishment of Jiangsu Mulin Shenggao New Materials Co., Ltd. (hereinafter referred to as “Mulin Sheng”), natural person Mr. Li Xiangyu, and associated natural person Ms. Qian Feiyi to establish Jiangsu Dingchun Technology Co., Ltd. (not yet established, ultimately subject to the name approved by the industrial and commercial registration authority, hereinafter referred to as “Dingchun Technology”). The registered capital is RMB 10 million, of which the company will invest 4.5 million yuan in cash and hold 45% of Dingchun Technology's shares; Mulin will use cash to invest 45% of Dingchun Technology's shares; Mulin will use cash to invest 45% of Dingchun Technology's shares; Mulin will use cash to invest 45% of Dingchun Technology's shares; Mulin will use cash It has a capital of 4 million yuan and holds a tripod 40% of Pure Technology's shares; the natural person, Mr. Li Xiangyu, invested 1 million yuan in cash and held 10% of Dingchun Technology's shares; an associated natural person, Ms. Qian Feiyi, invested 500,000 yuan in cash and held 5% of Dingchun Technology's shares. At the same time, the company will sign a “Voting Rights Entrustment Agreement” with the natural person, Mr. Li Xiangyu and Ms. Qian Feiyi, agreeing that Mr. Li Xiangyu and Ms. Qian Feiyi will entrust the company with voting rights corresponding to their 10% and 5% shares in Dingchun Technology, respectively, to achieve the company's actual control over Dingchun Technology. After the transaction is completed, Dingchun Technology will become a holding subsidiary of the company and will be included in the scope of the company's consolidated statements.

The joint investment and establishment of a joint venture with related parties is in line with the company's overall development strategy, which is conducive to the company's strategic expansion in the upstream core raw materials field, enhance the company's core competitiveness, and promote the company's business development. The source of capital for this transaction is the company's own capital. It will not have a significant impact on the company's financial status, operating results and independence, and there is no harm to the interests of the company's shareholders, especially small and medium shareholders.