Derivative Group (06893.HK) announced that affiliated derivative Guangdong has entered into a cooperation agreement with Hongli homologous Biotechnology to set up a new company, Pengzu Derivatives Museum (Guangdong) Brand Management Company, which will open a chain store called "Pengzu Derivatives Museum" in the mainland to exclusively sell products supplied by derivative Guangdong.
Among them, derivative Guangdong will contribute 1 million yuan in kind in the form of the right to use the registered trademark of "Pengzu derivative Museum", while Hongli will contribute 9 million yuan in cash and will own 10% and 90% of the brand management company, respectively.