According to Zhitong Finance App, Tianyu Co., Ltd. (300702.SZ) announced that the company signed a “partnership agreement” with Shanghai Dehong Private Equity Fund Management Center (limited partnership), Linhai Jingyue Financial Investment Group Co., Ltd., and Linhai Hanhai Investment Co., Ltd. in Linhai City, Taizhou City, Zhejiang Province to jointly invest in the establishment of Zhejiang Defang Hongjing Equity Investment Partnership (Limited Partnership). The total amount of pledged capital of the fund is 140 million yuan, of which the company, as a limited partner, has pledged 70 million yuan with its own funds, with an investment ratio of 49.96%.

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