Founder Holdings (00418) said its indirect wholly-owned subsidiary Beijing Founder Electronics has entered into a technology transfer agreements I and fixed assets transfer agreement I with Shanghai Founder.
Pursuant to which Beijing Founder Electronics will acquire the patents I and fixed assets I at a RMB7.89 million and RMB0.18 million respectively.
Meanwhile, Beijing Founder Electronics also entered into a technology transfer agreement II with Founder Mobile, pursuant to which Beijing Founder Electronics will acquire a patents II at RMB2 million.
Both Shanghai Founder and Founder Mobile are non wholly-owned subsidiaries of Peking Founder, which is the controlling shareholder of Founder Holdings.
The patents I comprises of 4 self developed patents and 3 self developed in progress patents. Patents are applied in miao miao yin for printing on demand, corporate connectivity and intellectual business enterprise system.
The fixed assets I comprises of 27 items of office equipment and 19 items of servers.
The patents II comprises of 2 patents application rights. Patents application rights are applied in mobile Chinese poetry and mobile Chinese government systems.
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