Core Viewpoint - The recent activities of Shangshan Gold (01939) indicate significant shareholder engagement and strategic licensing agreements that may enhance its market position and operational capabilities [1] Group 1: Shareholder Activities - On September 11, Shangshan Gold's shareholders deposited stocks into China Merchants International Securities, with a total market value of 20.75 billion HKD, representing 65.99% of the total shares [1] Group 2: Licensing Agreement - Shangshan Gold announced that its wholly-owned subsidiary, Shangshan Technology, will acquire intellectual property rights from Shangshan Intelligent for a nominal fee of 1 HKD, covering all countries and regions outside mainland China, including Hong Kong, Macau, Taiwan, and other overseas areas [1] - The agreement allows Shangshan Technology to utilize the intellectual property for the production, sales, and operation of licensed products, which include smart terminal devices developed by Shangshan Intelligent that incorporate its patented technologies [1]

Group 1 - The core point of the announcement is that Shangshan Gold has entered into a licensing agreement with its wholly-owned subsidiary, Hong Kong Shangshan Technology Development Co., Ltd., to utilize intellectual property rights outside of mainland China, including Hong Kong, Macau, Taiwan, and other overseas regions [1] - The intellectual property rights granted include patents, trademarks, copyrights, trade secrets, certification qualifications, and proprietary technologies owned or licensed by Shangshan Intelligent [1] - The agreement allows Shangshan Technology to produce, sell, and operate licensed products, including smart terminal devices developed by Shangshan Intelligent, with a non-exclusive, non-transferable, and regionally limited nature [1] Group 2 - Following the licensing agreement, Shangshan Technology will enter into a sales contract with Smart Gold Management Limited to sell gold recycling smart terminals, aiming to leverage both parties' strengths for market expansion in Kazakhstan [2] - The signing of the sales contract and the strategic cooperation between Shangshan Technology and Smart Gold marks a significant step for the group in expanding its overseas market presence [2] - The agreement is expected to accelerate the international application of related technologies and products, providing new growth opportunities for the group [2]