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]

Core Viewpoint - The recent activities of Shangshan Gold (01939) indicate a significant movement in shareholder investments and strategic licensing agreements for intellectual property [1] Group 1: Shareholder Activities - On September 11, shareholders of Shangshan Gold deposited shares into China Merchants International Securities, with a market value of HKD 2.075 billion, representing 65.99% of the total [1] Group 2: Intellectual Property Licensing - Shangshan Gold announced that its wholly-owned subsidiary, Shangshan Technology, will acquire a license for intellectual property from Shangshan Intelligent for a nominal fee of HKD 1 [1] - The licensing agreement allows Shangshan Technology to utilize the intellectual property for production, sales, and operational licensing of products, including smart terminal devices developed by Shangshan Intelligent [1]

上善黄金(01939)再涨近6%，截至发稿，涨1.72%，报8.86港元，成交额1291.81万港元。 公告称，获得上善智能的知识产权许可后，上善科技与Smart Gold订立销售合同买卖黄金回收智能终 端，旨在利用双方各自的优势及资源，推进智能回收终端在哈萨克斯坦的市场化布局。此次，战略合作 标志着集团在拓展海外市场方面迈出重要一步。连同销售合同，上善科技将充分利用本协议下的知识产 权许可，加快推动相关技术及产品的国际化应用，为集团带来新的增长点。 消息面上，上善黄金发布公告，全资附属公司上善科技将以1港元代价从上善智能获授中华人民共和国 大陆以外的所有国家及地区(含香港特别行政区、澳门特别行政区、台湾及其他海外地区)的知识产权许 可。根据本协议约定，上善科技有权使用知识产权生产、销售及运营许可产品，或者指定第三方生产， 而许可产品包括上善智能开发并含上善智能专利权的智能终端设备及其衍生产品。 ...

Core Viewpoint - The announcement of a strategic partnership and intellectual property licensing agreement by Shangshan Gold (01939) is expected to enhance its market presence and drive international growth, particularly in Kazakhstan's smart recycling terminal market [1] Group 1: Company Developments - Shangshan Gold's stock has seen a nearly 6% increase, currently trading at 8.86 HKD with a transaction volume of 12.91 million HKD [1] - The company’s wholly-owned subsidiary, Shangshan Technology, has acquired intellectual property rights from Shangshan Intelligent for a nominal fee of 1 HKD, covering all regions outside mainland China, including Hong Kong, Macau, Taiwan, and other overseas areas [1] - Following the licensing agreement, Shangshan Technology has entered into a sales contract with Smart Gold to sell gold recycling smart terminals, leveraging both companies' strengths to facilitate market entry in Kazakhstan [1] Group 2: Strategic Implications - The strategic cooperation marks a significant step for the group in expanding its overseas market presence [1] - The licensing agreement is expected to accelerate the international application of related technologies and products, providing new growth opportunities for the group [1]

Group 1 - The core point of the article is the signing of a knowledge property licensing agreement between the subsidiary of Shangshan Gold and Shangshan Intelligent, allowing Shangshan Technology to utilize intellectual property rights for smart terminal devices outside mainland China [1] - Shangshan Technology will pay a nominal fee of 1 HKD for the licensing rights, which include patents, trademarks, copyrights, trade secrets, certification qualifications, and proprietary technologies [1] - The licensing agreement is non-exclusive, non-transferable, and limited to specific regions, with a validity period of six years starting from August 29, 2025 [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 company plans to accelerate the international application of related technologies and products, which is expected to create new growth opportunities for the group [2]

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]