Yada Aged-care Industrial Fund Investors Meeting 2021-2022 Held

On July 29th 2022, Yada Aged-care Industrial Fund Investors Meeting 2021-2022 was held at Yixing Yada Yangxian Xishan. Founding Partner of Yada Capital Mr. Jiang Jianning, investor representatives, Partner of IDG Mr. Li Jianguang, Managing Directors of Yada Capital Mr. Dong Ping and Mr. Dong Huanbo, Vice President Ms. Song Liying, General Manager of Jiangsu Yada Real Estate Mr. Zhu Haoyi attended the meeting.

Since establishment, the Fund invested Wuzhen Yada International Health Ecological Park, Yixing Yada Health Ecological Park (Yada Yangxian Xishan), Gaochun Yada Health Leisure Tourism Park, Yada Health Industry Development Co., Ltd. and Jiangsu Yada Commerce Management Co., Ltd. Directing at these projects’ development, construction and operation situation which investors concerned, General Manager of Jiangsu Yada Real Estate Mr. Zhu Haoyi gave a detailed introduction and reported projects’ overall sales and delivery invested by the Fund.

Managing Director of Yada Capital Mr. Dong Huanbo summarized the overall operation situation of the Fund during 2021 to 2022, introduced the investment and profit to these projects in a detailed manner, as well as explained and forecasted the following capital demands and plan in the management period to investors.

Chairman Mr. Jiang Jianning reviewed the Fund operation in the past five years, and elaborated on the business assumption of the Fund in management period to participants. Chairman Mr. Jiang said, the three-year pandemic had significant influence to the operation and implementation of the invested projects. Although there were irresistible external changes, the Fund operator faced with the challenge to deliver products exceeding promises to residents, as well as offer related supporting facilities and services meeting or even exceeding customers’ expectation.

In the meeting, investors gave full affirmation to the investment achievements of the Fund in the past five years. They highly spoke of management team on its dedication to fulfill all responsibilities and push projects’ construction forward actively by conquering the pandemic influence furthest. The Participants had profound discussion and exchanges on the issues of public interest, the working priorities of investment projects during the management period, as well as future plans for fund management and exit..

At last, Chairman Mr. Jiang Jianning said, in the future, Yada would keep the mission of safe operation, insist the cultural value of “high efficiency, practicality, excellency and win-win”, face with all difficulties, stay true to the origin intention, make persistent efforts, deal with all challenges sincerely and tenaciously, go beyond ourselves, pursue both economic and social benefits, try to create more financial returns for investors as well as continuously offer residents high-quality services.

Yada Aged-care Fund is a healthcare and aged-care industrial fund jointly set up by Yada and IDG. In April 12th 2017, the Fund passed the review of China Asset Management Association, and was awarded the certificate as the Private Equity Fund Manager with the serial number P1062350.