Huada Zhizao plans to sell 100% equity of its subsidiary for $50 million and adjust the licensing of the CoolMPS sequencing technology.

On the evening of February 23rd, Huada Intelligence announced that its wholly-owned subsidiary MGIR&D HK intends to sell 100% equity of its wholly-owned subsidiary CGI, after stripping off related assets and liabilities, to Swiss Rockets for approximately 50 million US dollars. In addition, the company's wholly-owned subsidiaries MGI US LLC and CGI have signed an Amendment to the Authorization and Licensing Agreement with Swiss Rockets. Based on the "CoolMPS Authorization and Licensing Agreement", it is proposed to additionally grant paid authorization of the company's StandardMPS sequencing technology to Swiss Rockets, and to obtain exclusive and general licenses for StandardMPS sequencing technology in the United States and Canada regions.