Gelonghui, November 3 | Changyang Technology (688299.SH) announced that Dongli and the company have agreed to withdraw the pending dispute over the patent related to white polyester film for light reflectors and strengthen cooperation to achieve a win-win situation. The company also intends to obtain a license from Toray for the Chinese patent CN200780040088.8 (Patent Invention Name: White Polyester Film for Light Reflectors, “this Patent”). Toray is willing to grant a license for this patent to Changyang based on the terms of this agreement. After mutual negotiations between the two parties, they recently signed a “Cooperation Agreement”. Effective on the date of signature.

Toray Industries, Ltd., founded in January 1926, is registered at 2-1-1 Nihonbashi Muromachi, Chuo-ku, Tokyo, Japan. Its main manufacturing, processing and sales products include fibers and textiles, high-performance chemicals, carbon fiber composites, etc.