Stock code: 300328 Stock abbreviation: Yi'an Technology Announcement No .: 2016-015
Dongguan Yi'an Technology Co., Ltd. Announcement on the signing of a strategic cooperation agreement (parallel license agreement) between Liquidmetal Technologies, Inc. and Liquidmetal Technologies, Inc.
The company and all members of the board of directors warrant that the information disclosed is true, accurate and complete and free from false records, misleading statements or major omissions.
Dongguan Yi'an Technology Co., Ltd. (hereinafter referred to as "Yi'an Technology" or "Company") and Liquidmetal Technologies, Inc. (registered in the United States) (hereinafter referred to as "LQMT") have their respective advantages in the field of liquid metals. Promote the development and cooperation process of liquid metal related technologies, and better promote the industrial transformation and promotion of liquid metal technology. Liquid Metal Co., Ltd. controlled by Mr. Li Yangde, the actual controller of the company (this company was established to invest in LQMT. ) Intends to take an 18% stake in LQMT, a listed company listed on the OTCBB in the United States, and sign related cooperation agreements. At the same time, the company and LQMT signed a strategic cooperation agreement (parallel license agreement). The relevant situation is announced as follows:
I. Introduction to LQMT
(1) Name: Liquidmetal Technologies, Inc.
(US OTCBB listed company)
(2) Registered address: 1209 Orange Street, Wilmington, DE 19801, USA. (3) Type: Company
(IV) Registered capital: USD 710,000.00 (V) Business scope: R & D and sales of amorphous metal products (VI) Establishment time: May 15, 2003 (VII) The main financial indicators for the last three years are as follows:
project
Total assets
Shareholder equity
Total revenue
Net profit
Data from finance.yahoo.com
Unit: ? USD
January-September 2015
9,006 5,626 107 -5,789
2012
year 2013
4,103 -2,703 1,026 -14,206
Year 2014
12,284 8,617 603 -6,546
8,973 -1,572 650 -14,025
2.Liquid Metals Co., Ltd. intends to invest in LQMT, and Yi'an Technology signs a strategic cooperation agreement (parallel license agreement) with LQMT
(1) Recently, Liquid Metals Co., Ltd., controlled by Mr. Li Yangde, the actual controller of the company, signed a cooperation agreement with LQMT. Both parties agreed that Liquid Metals Co., Ltd. will take an 18% stake in LQMT, which is the largest shareholder of LQMT. In the future, the company will further increase its holdings to about 46%. At the same time, the company and LQMT signed a strategic cooperation agreement (parallel license agreement), and the two parties agreed to authorize each other's patents and trademarks to use them in their exclusive areas.
(2) After Liquid Metals Co., Ltd., controlled by Mr. Li Yangde, the actual controller of the company, took an 18% stake in LQMT, the company signed a strategic cooperation agreement (parallel license agreement) with LQMT to constitute a connected transaction. The Proposal on Investment in LQMT by Liquid Metal Co., Ltd. controlled by the Company's Actual Controller and the Company and LQMT Signing a Strategic Cooperation Agreement (Parallel License Agreement) need to be submitted to the company's board of directors for review. The independent directors of the company issued independent opinions on this proposal. For details, please refer to the relevant announcement disclosed by Juchao Information Online.
(3) The main reasons why Liquid Metal Co., Ltd. first invested in LQMT in the early stage are as follows:
1. Since LQMT is a UTCBB listed company in the United States, if Yi'an Technology has a long approval process involved in direct equity participation, it cannot immediately seize investment opportunities. Liquid Metal Co., Ltd. is a Hong Kong-registered company. Investment has more flexibility and time advantage.
2. Liquid Metal Co., Ltd. is willing to use its own funds to invest in shares first, and strives to obtain the investment integration opportunities for Yi'an Technology. It also promises that the fair share price of the future equity interest in LQMT, determined by its investment amount and corresponding financial costs incurred, and reasonable taxes and fees incurred in connection with the project, will be preferentially acquired by Yi'an Technology.
3. LQMT is currently operating at a loss. If Yi'an Technology directly invests in it, it may adversely affect Yi'an Technology. In the case that Yi'an Technology is mature, it will be held by Yi'an Technology Transfer Liquid Metal Co., Ltd. All shares of LQMT.
3. Purpose of Liquid Metal Co., Ltd.'s investment in LQMT and the company signed a strategic cooperation agreement (parallel license agreement) with LQMT and its impact on the company
(I) Advantages of LQMT
1. Patent advantage
As a listed company of OTCBB in the United States, LQMT is the world's top R & D and research of bulk amorphous metal.
Commercial enterprise with the core and most comprehensive intellectual property rights related to bulk amorphous metal in the world. It is also the unit of reliance on Apple's bulk amorphous metal materials and technology by the United States (LQMT has licensed Apple Inc. since February 2013. All patents and intellectual property rights of its amorphous metal materials are exclusively used in the field of consumer electronics).
2. Sales advantage
The headquarters, CMF, and design departments of major companies such as Apple, Microsoft, and Google are all located in California. LQMT has a natural advantage in the promotion of bulk amorphous.
3. Market advantages in segmented areas
LQMT has worked closely with luxury brands such as Vertu and Omega, and has a unique market advantage for the development of the luxury market. It also has in-depth research and development and potential customers in many technological fields, such as medical, automotive, golf, aerospace, and knives.
4, popularity
The term "liquid metal" was created by LQMT and exclusively uses the LIQUIDMETAL trademark. It is also a global industry standard setter and has a near monopoly in the market. With a large number of inquiries and interviews every month, there is almost no difficulty in market expansion.
(II) Advantages of Yi'an Technology
1.Technical and R & D advantages
Yi'an Technology has more than 20 years of experience in new material research and development, molds, mechanical preparation, molding and production.
With a complete industrial chain and a very high position in the field of metal materials, it has now become a new material company with strong growth potential. It can integrate top-level scientific research resources in the field of liquid metal, and quickly liquidate related liquid metal patents in research institutes and institutions Industrialization. The close integration of Yi'an Technology and the Institute of Metal Research of the Chinese Academy of Sciences has excellent ability to solve technical problems. In recent years, with the technical support of top domestic amorphous experts, we have successfully developed and produced large-scale bulk amorphous series products. It is currently the only company in the world that can announce the large-scale bulk amorphous metal forming ability to the outside world.
2. Market advantage
China is a global production base for a variety of industries, especially consumer electronics, automotive parts, tooling fixtures, audio, sporting goods, medical equipment, etc. With years of popularity of Yi'an Technology, if there are excellent products, the market is easy to develop of.
3. Capital platform
Since its listing, Yi'an Technology has been actively transforming and upgrading to the field of new materials. With its resources in all aspects of the capital market, it has been able to obtain financing opportunities to further expand production and expand the market.
(III) Impact on Yi'an Technology after the LQMT investment
1. After Liquid Metal Co., Ltd. has invested in LQMT, in order to avoid industry competition, at the appropriate time, all rights and interests related to LQMT (including equity) are transferred to Yi'an Technology at a fair price.
2. In terms of production technology, LQMT is the world's most prestigious amorphous metal research institution, covering almost the world's core amorphous metal material formula, key processing technology and other related intellectual property rights. Due to lack of mold design, equipment design and other mass production Technology has so far been limited to producing small products.
After Yi'an Technology's participation in LQMT through Liquid Metal Co., Ltd., it will integrate the resources and intellectual property advantages of two of the world's top amorphous companies, further strengthen the technology of amorphous metal production, and accelerate the commercial application of amorphous metal. The revolutionary breakthrough of metals has increased the technological content and added value of products in the amorphous alloy industry of the company, and created new profit growth points for the company.
3. In terms of market and scientific research, LQMT and Apple have jointly established a scientific research team. Previously, it was limited to R & D on materials. After cooperating with Yi'an Technology, it will provide a large number of machinery and production technologies. In the future, the three parties will jointly develop new product applications. .
In addition to Apple, other companies such as the watch industry of SWATCH, the luxury industry of LLPG, and sports equipment such as golf, rackets, medical, cutting tools, automobiles, smart equipment, audio, robots, etc., will all develop by leaps and bounds. .
4. Letter of Commitment on Regulating Related-party Transactions and Avoiding Competition in the Same Industry After the liquid metal limited company controlled by Mr. Li Yangde, the actual controller of the company, took a stake in LQMT, the company issued
The company signed a strategic cooperation agreement (parallel license agreement) with LQMT to constitute a connected transaction. At the same time, the business scope of LQMT is the same as that of the company. In order to regulate related party transactions and avoid competition in the same industry, the actual controller of the company, Mr. Li Yangde and the liquid metal company controlled by him, issued relevant commitment letters. See Juchao Information Website for details
Related announcements disclosed on the website. Special announcement.
Board of Directors of Dongguan Yi'an Technology Co., Ltd.
March 10, 2016
