Gelonghui, March 29丨Tianyu Ecology (603717.SH) announced that on December 30, 2023, Tianyu Ecological Environment Co., Ltd. signed an “Investment Cooperation Framework Agreement” with Agia (Beijing) Holdings Co., Ltd. and its shareholder Yuema Investment (Beijing) Technology Co., Ltd., and also signed a “Sponsor Agreement on Establishing the “Beijing Frontier Science and Technology Innovation Private Equity Fund Management Center (Limited Partnership)” with Beijing Frontier Science and Technology Innovation Private Equity Fund Management Center (Limited Partnership)”. According to the above agreement, the company plans to invest in AGEA Beijing through its private equity investment fund established as an LP. The total size of the fund to be set up is RMB 800 million (the actual size is determined based on subsequent fund-raising). The company plans to use 10% of the fund's total LP pledged fund share, that is, a pledged investment of RMB 80 million. The exclusive period for this transaction is 90 days, starting from the date the agreement is signed.

The “Framework Agreement” that the company has signed earlier is the initial intention of the parties to negotiate. Subsequent specific cooperation matters still need to be determined through negotiations between the parties based on financial and legal due diligence results, and the formal agreement signed shall prevail. As of the date of this announcement, the parties have failed to agree on the transaction under the Framework Agreement. According to the agreement, if the parties have not reached an agreement on the transaction under the Framework Agreement and signed a formal transaction document on the date of expiration of the exclusion period, the “Framework Agreement” will automatically be terminated.

On March 28, 2024, according to the due diligence findings of the target company German Agia Group, the company organized an internal voting meeting. Due to the large scale of operation and revenue volume of the German Agia Group and its location overseas, it was impossible to affect the company's business situation in the short term after investing according to the current plan. Based on the company's current business development situation and future strategic development direction, it was agreed to terminate this foreign investment and terminate participation in the establishment of private equity investment funds, taking into account all aspects of factors.