Morning News Technology intends to Core wireless communications transfer of intellectual property assets, transfer fee 90 million yuan

Set the micro-mesh news, December 21, Morning News announcement that the company with Simcom International, Shenzhen Rihai and the underlying company (corecom Electronics and corecom wireless) entered into a sale and purchase agreement, pursuant to which Simcom International has Conditions are agreed to be disposed of and Shenzhen Rihai has conditionally agreed to purchase 100% equity interest of Corecom Wireless, an indirect wholly-owned subsidiary of the Company, for a consideration of RMB518 million.

Pursuant to the Sale and Purchase Agreement, SIM Technologies has conditionally agreed to procure the transfer of intellectual property assets (ie, certain patents owned by Shanghai Simton and Shanghai Chenxing and three trademarks owned by Shanghai Simtone) ) For a consideration of RMB90 million.

According to the Supply Contract, SIM Technologies Subsidiary Subsidiaries and Shenzhen Rihai will appoint Shenyang Morning News for the purchase of components and materials for the manufacture of wireless communication modules and Shenyang Morning News (or other member companies of the Group) for the manufacture of wireless communication modules And sell it to him for a period of three years commencing from the effective date of the supply contract.