Tongyu Communication to Invest in Satellite Manufacturing and Operations via Partnership Fund

Stock News05-26

Tongyu Communication Inc. (002792.SZ) announced that to advance its strategic goals and leverage the industry expertise and resources of professional investment institutions, the company is deepening its presence in the satellite communications sector. The company recently signed a partnership agreement with China Equity Investment Fund Management (Beijing) Co., Ltd. and other limited partners to establish the "China Zhuoyao Venture Investment Fund (Beijing) Partnership (Limited Partnership)". This fund will focus on equity investments in unlisted companies within the satellite manufacturing and operations industry and its upstream and downstream sectors. As a limited partner, Tongyu Communication has committed 10 million yuan in capital from its own funds to the partnership.

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