Home / NEWS & DEALS / Deals / details of junhe's deals

JunHe Assists Haichang Ocean Park in a cooperation agreement with Shenyang Aerospace Xinguang regarding intelligent bionic robots


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.

JunHe is the only Chinese law firm to be admitted as a member of Lex Mundi and Multilaw, two international networks of independent law firms. JunHe and selected top law firms in major European and Asian jurisdictions are “best friends.” Through these connections, we provide high quality legal services to clients doing business throughout the world.