- Production of precision cutting tools and automatic measuring instruments for PCB manufacturing.
- Manufacture and maintenance of specialised electronic equipment, instruments, tools, and dies.
- Mechanical and laser drilling processing of PCBs, and leasing of self-owned equipment.
- Wholesale, import/export, and commission agency of related products.
- Provision of supporting services, including those not subject to state trading or quota licences.
- Any technology, trademarks, patents, or customer data developed by the Project Company will belong to the Project Company.
- Pre-existing intellectual property of each partner will remain with its original owner unless transferred to the Project Company.
- If the Project Company uses pre-existing technology from any partner, a separate licensing agreement will be executed specifying scope, term, fees, and ownership of improvements.
- The Project Company aims to reach an annual production and sales volume of 300 million PCB drill bits and 100 million milling cutters.
- The joint venture leverages market resources, sales channels, technology R&D, production management, cost controls, and supply chain integration from all partners.
- It supports Tiangong International’s strategy of advancing high-end manufacturing, intelligent development, and the digital/green transformation of the PCB precision cutting tools industry.
- The move consolidates Tiangong’s supply chain advantages in high-end and cutting-edge downstream sectors, enhancing profitability and growth prospects.
- All partners and their ultimate beneficial owners are independent third parties, not connected persons of Tiangong International.
