The registered capital of the joint venture is million yuan, of which Jiaojian Co., Ltd. subscribed million yuan in cash, accounting for %; Shanghai Ethiopia subscribed million yuan in cash, accounting for %.
In its announcement, Jiaojian Co., Ltd. stated that the partner has been deeply involved in the African market for many years and agreed to actively assist the company in expanding infrastructure markets in Africa and other regions. The partner has channel resource advantages in Ethiopia's coffee bean export business and has rich experience in coffee operations and Chinese companies' overseas expansion.
The investment to establish a joint venture will help broaden the company's business usa phone number list layout, and asset structure, enhance the company's overall competitiveness, and have a positive impact on the company's future financial condition and operating results. The investment funds will increase the company's cash expenditure in the short term, and the estimated investment amount is .% of the company's audited net assets at the end of .
In addition, Jiaojian Co., Ltd. also reminded investors that the business of the newly established joint venture is a new business expanded by the company. It is affected by factors such as policy changes, market competition, and production and operation management experience. There is a certain uncertainty as to whether it can be put into operation as planned.