Yusys Technologies: Intends to Allocate 39 Million Yuan for Co-founding a Specialized Fund, Focusing on Early to Mid-Stage Tech Enterprises in AI, Big Data, and Associated Industry Sectors
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Author:小编   

Yusys Technologies has outlined a strategy to deploy 39 million yuan from its own capital reserves to collaboratively establish a dedicated investment fund, dubbed "Deqing Yusys," in partnership with Huiyin Deqing and its associated entity, Yusys Digital Intelligence. The envisaged fund will boast a total capitalization of 200 million yuan and will concentrate its investment efforts on burgeoning to moderately mature technology firms operating within the realms of artificial intelligence, big data, and interconnected industrial ecosystems. It is noteworthy that this financial undertaking qualifies as a related-party transaction, having secured the requisite approval from the company's board of directors. During the deliberation process, directors with vested interests in the transaction recused themselves from the voting procedure, adhering to standard corporate governance practices.