"Aaron's got it right. Our current funds are limited—bringing in one production line is doable, but any more? That's out of the question."
Just as the contract stipulated back then.
The Startup Fund was supposed to invest 8 million after the company was established, and Tian Liangwei and Academician Pan would each invest 2 million, representing the School of Life Sciences and the Physics College respectively.
Xu Yun chipped in 1 million through a startup support transfer agreement, making for a total of 13 million.
The 13 million cash landed in the company's account the day after signing the contract—pretty efficient, and all paid upfront too.
Then came the factory lease—cost us just over 1.13 million, and the three production lines soaked up 5.1 million.
The raw materials for recent products ran up another 3 million-plus.
Besides that.
