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Tuesday, 08/02/2022 6:31:27 PM

Tuesday, August 02, 2022 6:31:27 PM

Post# of 36
Zhuyou Zhizao Technology (00726) entered into two patent licensing agreements.


June 29, 2022

Zhuyou Zhizao Technology announced that on June 29, 2022, the company's indirect wholly-owned subsidiary Zhuyou Zhizao Investment (as the licensor) and Henan Zhuyou Craftsman (as the authorized person) entered into the Patent Licensing Agreement I, and Zhuyou Zhizao Investment granted Henan Zhuyou Craftsman the right to use the authorized patent I in Henan Province, China, from June 29, 2022 to June 28, 2025 date.

On June 29, 2022, Zhuyou Zhizao Investment (as the licensor) and Zhuyou Architectural Design (as the licensee) entered into a patent licensing agreement II, which was granted by Zhuyou Zhizao Investment to Zhuyou Architectural Design in Hunan, China Provincial right to use Granted Patent II for a period from June 29, 2022 to June 28, 2025.

The Group's grant to customers (including Henan Zhuyou Craftsman and Zhuyou Architectural Design) for the use of some patents (including Licensed Patent I and Licensed Patent II) related to the installation of prefabricated building components will not only not affect the Group's core competitiveness, but also Maximize the value of the patents by realizing the Group's patents for the installation of prefabricated building elements. Leveraging on the research and development and technical expertise in prefabricated building construction technology, the Group will also have an additional source of income.

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