Yotrio Group dissolves startup fund after market shifts

Zhejiang Yotrio Group Co., Ltd. announced the dissolution and liquidation of its startup fund, Ningbo Zheke Yotrio Venture Capital Partnership, due to significant changes in the industry and investment market environment since its establishment. All investment projects of the fund have been exited, and continued operation no longer served the common interests of the partners.

In 2015, the fund had a subscribed capital of 225 million yuan, with Yotrio's wholly-owned subsidiary, Ningbo Yotrio International Trade Co., Ltd., committing 200 million yuan, representing 88.89%. Actual contributions to the fund amounted to 22.5 million yuan, with Yotrio International Trade contributing 20 million yuan. In 2023, the fund's subscribed capital was reduced to 10 million yuan, and its duration was extended.

As of the disclosure date, the startup fund has completed all necessary deregistration procedures. The company stated that this dissolution will not have a material adverse impact on the financial condition, production, operation, or future development of the company and its subsidiaries.