Implementation Agreement for Teletronics(Beijing) Science & Technology Co., Ltd (Abbreviated: Teletronics (Beijing)) to provide Long Term Technical Support to Zhe Jiang Xun Yun Tian Technology, Co. (Abbreviated: XYT) April 13, 2013Implementation Agreement • September 5th, 2014 • Teletronics International, Inc. • Telephone & telegraph apparatus
Fully in line with the guideline provided in Dec. 20, 2012 in Investment Agreement between Fujian Hao Hai investment Co. and Teletronics (Beijing) for jointly investing in a new corporation (NEWCO) to promoted Teletronics (Beijing)’s underground communications technology, the NEWCO is now established. Accordingly, all technology right by Fujian Hao Hai is now inherited by the NEWCO. The NEWCO’s name is Zhe Jiang Xun Yun Tian Technology Co. (abbreviated as XYT). Dr. Fang Dah Jeng is invited to be the first term Chairman of the Board, and Mr. Lin De Qing is invited to be the first term General Manager and the Legal Representation of XYT, all to pursue the clear defined goal as specified in the original Investment Agreement, which stated:
