Yingtang Intelligent Control announced on September 17 that the company plans to sign a cooperation agreement with Xinsi to obtain licenses for several Xinsi automotive DDIC and automotive TDDI series products, including the right to manufacture and sell this series of products and derivatives, and that the company has the right to use Xinsi's supply chain partners for this series of products. The scope of the license granted includes the company and some of its subsidiaries within the scope of the consolidated list. The relevant products authorized this time are mature products, and the peak sales period for existing stock projects is about 3 to 4 years. This license is an exclusive global license. The license period is 15 years, and the license fee is 20 million US dollars. After the product is sold, the company must pay a commission fee to the licensor on a quarterly basis according to a certain percentage of net sales.

Yingtang Intelligent Control announced on September 17 that the company plans to sign a cooperation agreement with Xinsi to obtain licenses for several Xinsi automotive DDIC and automotive TDDI series products, including the right to manufacture and sell this series of products and derivatives, and that the company has the right to use Xinsi's supply chain partners for this series of products. The scope of the license granted includes the company and some of its subsidiaries within the scope of the consolidated list. The relevant products authorized this time are mature products, and the peak sales period for existing stock projects is about 3 to 4 years. This license is an exclusive global license. The license period is 15 years, and the license fee is 20 million US dollars. After the product is sold, the company must pay a commission fee to the licensor on a quarterly basis according to a certain percentage of net sales.