On May 8, 2022, Haichang (China) Investment Co., Ltd. (Haichang Ocean Park) with stock code: 2255 and Shenyang Aerospace Xinguang Group Co., Ltd. (HTXG) announced that they had entered into an exclusive cooperation agreement and the relevant ancillary agreement for exclusive cooperation in fields relating to intelligent bionic robots. Haichang Ocean Park was granted an exclusive license for the relevant intellectual property rights regarding HTXG’s existing products (including but not limited to intelligent bionic whale sharks) in order that they may assemble HTXG’s existing products in mainland China and commercialise such products globally. The parties will jointly invest in and develop new products relating to intelligent bionic robots and share any accrued intellectual property rights and profits earned after the cooperation is established.
Haichang Ocean Park is the regional headquarters of Haichang Ocean Park Holdings Ltd. established in Shanghai. It is a leading theme park developer and operator in China.
HTXG is a subsidiary of the Third Academy of China Aerospace Science & Industry Corporation (CASIC). It is regarded as the cradle of China’s aerospace power plants and a meritorious enterprise making great contributions to the national defense of China. It is committed to producing outstanding aerospace technologies.
JunHe was appointed by Haichang Ocean Park to assist with the drafting, review, revision and negotiation of the transaction documents. JunHe was highly recognized for its outstanding and dedicated service.
The project was led by ZHU, Jian (James J. Zhu, Ph.D.) and Partner ZHOU, Hui (Nelson). Partner ZHAO, Hao (Gerry) was responsible for the internal review.