Recently, Tianyuan Pets issued announcements about "Co-Investment with Professional Investment Institutions" and "Foreign Investment and Signing of Industrial Construction Projects". The announcement pointed out that Tianyuan will establish a joint venture investment institution with institutions and will also invest in the construction of a pet industrial park. .

< p>Invest 150 million to establish Yuancheng Deyuan Venture Capital

According to the announcement, Tianyuan Pet plans to jointly invest with Decheng Investment (general partner) and Fu Decai (limited partner) to establish Hainan Yuancheng Deyuan Venture Capital Partnership has an estimated fund size of 301 million yuan, of which Decheng Investment will invest 1 million yuan as a general partner, the company will invest 150 million yuan as a limited partner, and Fu Decai will invest 150 million yuan as a limited partner. The fund The manager is Decheng Investment.

Tianyuan stated that the project aims to expand investment channels, promote the strategic development of Tianyuan Pets, enhance the company’s comprehensive competitiveness, make full use of the professional resources of professional investment institutions and their investment management advantages, and continue to improve Tianyuan Pets’ Investment layout in the pet industry.

In addition, the announcement also announced the fund’s investment scope and investment operation methods. It is understood that the partnership fund’s main investment projects are mainly high-quality pet supplies, pet food, and pet medicine that have good strategic synergy with Tianyuan Pets. Medical entrepreneurial projects, as well as upstream and downstream enterprises in the industrial chain, including manufacturing factories, brands, channel providers, etc.

< p>Invest 300 million to build a pet industrial park

According to another "Foreign Investment and Signing of Industrial Construction Projects" announcement issued by Tianyuan Pet, based on Tianyuan Pet's medium and long-term strategic development plan to meet the company's future development needs, In February 2023, Tianyuan Pets planned to acquire about 20 acres of industrial development land near Xingqiao Street, Linping District, Hangzhou through bidding, auction, and listing with its own capital of no more than 20 million yuan, and planned to invest in the construction of Tianyuan Pets there. Pet Industrial Park.

Tianyuan Pet will use this project to build a headquarters office, product development, flexible manufacturing of pet clothing and nest pads, online and offline sales of pet products, company e-commerce and information construction, and product display. and a pet industrial park with functions such as consumption scene experience.

It is understood that the direct investment in the project is expected to be no more than 300 million yuan (excluding land purchase money). Tianyuan Pets will contribute its own or self-raised funds for the development and operation of the industrial park project. .

The announcement also shows that the construction of the park will meet the demand for space due to the rapid growth of Tianyuan Pet’s future business scale and personnel scale. By building a good office environment, it will be conducive to retaining, attracting and recruiting outstanding talents. Enhance the company's image and market influence.