Dehua TB subsidiary invests in venture fund, director sells shares

Dehua TB New Decoration Material Co., Ltd. announced that its wholly-owned subsidiary, Dehua TB Investment Management Co., Ltd., has committed 1,000 yuan to the Guangdong Yigao Gewei Venture Capital Partnership (Limited Partnership), representing a 17.4338% stake. This investment targets advanced mining technologies and green, low-carbon initiatives, aiming for long-term returns and enhanced competitiveness. The fund, managed by Guangdong Yigao Zhihui Equity Investment Fund Management Co., Ltd., has a total committed capital of 5,736 yuan, with an initial paid-in capital of 3,350 yuan.

Concurrently, Dehua TB disclosed that Xu Jun, a director and deputy general manager, plans to reduce his holdings by up to 760,829 shares, or 25% of his current stake, within three months, citing personal financial needs. This represents 0.0917% of the company's total share capital. The shares originate from equity incentives and will be sold via centralized bidding or block trades.

Furthermore, the company's second phase of the employee stock ownership plan, which held 11,170,000 shares (1.35% of total share capital), has been fully divested through centralized bidding. The plan, initiated on January 10, 2022, has completed its operational period, and related asset liquidation and distribution will follow regulatory guidelines.