BACKGROUNDDecember 1st, 2022
FiledDecember 1st, 2022(“Tohoku”) and Tsinghua University (“Tsinghua”) renewed the Collaboration Agreement on December 15, 2021, and both agreed to provide up to RMB500,000 per year and up to RMB500,000 per year, respectively, to a joint collaborative research fund (“Fund”) over four years commencing April 1, 2023.