Vicino (002387.SZ) and Gu'an Yungu plan to sign a technology licensing agreement with participating company Hefei Vicino

According to Zhitong Finance App, Weixinuo (002387.SZ) announced that in order to promote the technical upgrading and construction of the display panel production line of the company's holding subsidiary, Yungu (Gu'an) Technology Co., Ltd. (hereinafter referred to as “Gu'an Cloud Valley”), the company and Gu'an Yungu plan to sign a “Technology License Agreement” with the participating company Hefei Weixinuo. Hefei Weixinuo provided the company and Gu'an Yungu with corresponding patents and proprietary technology licenses in accordance with the relevant agreement in the contract. As the sole payer of this technology license fee, Gu'an Yungu pays the corresponding patent technology license fee in accordance with the terms agreed in the contract. According to the evaluation results, the parties to the transaction agreed by consensus that the amount of the current technology license fee (tax included) is RMB 300 million.

This time, the company and its holding subsidiary Gu'an Cloud Valley signed a “Technology License Agreement”, which can make full use of the patent portfolio and proprietary technology system already formed by Hefei Vicino to accurately match the technical route upgrade and production needs of the Gu'an Cloud Valley project. The COE, hybrid-TFT, TanDEM and other technologies involved in this license are all cutting-edge core technologies in the current OLED field, which can achieve high-end performance advantages such as high screen brightness, low power consumption, low reflection, long life, and thinness, which can effectively improve the added value and unit price of the company's products, optimize the product structure, etc. Enhancing overall profit margins and market competitiveness has a positive impact on the implementation of the company's strategy.

The subject of this transaction is the right to use relevant patents and proprietary technology. It does not involve a transfer of ownership and will not affect the normal production and operation of the company. According to the company's preliminary estimates, the impact of this technology license on the total profit of the company is estimated to be about -12.8632 million yuan after comprehensively considering the impact of the revenue achieved by the joint venture on the listed company and the offsetting of unrealized profit and loss within the consolidated statement.