Wu Changfeng naturally understood the terms of the agreement.
It's simply a matter between countries.
but……
This is precisely why mainland China was later held back in the chip industry.
It's extremely uncomfortable!
Wu Changfeng would naturally not accept such an agreement.
Wood said, "I think this clause will probably not be needed; it's just a precaution, so don't worry about it."
Wu Changfeng pushed the document back: "Then I'm sorry, such a regulation makes me very pessimistic about the prospects of our cooperation."
Wood was silent for a moment: "Mr. Wu, you can offer your opinions."
After thinking for a moment, Wu Changfeng said, "The shares and the right of first refusal must be guaranteed. Mr. Wood, five hundred million US dollars, this is not money to buy equipment, but research and development funds given to you for free."
"Although I own shares, look at the agreement yourselves, it's only 5%. Did I say anything about that?"
"Isn't that very generous? But I can't explain why I was given the right of first refusal for political reasons."
Upon hearing this, Wood countered, "Mr. Wu, why are you so concerned about this right of first refusal? There's no shortage of equipment in this industry."
"Then why did you add the mandatory recycling clause?" Wu Changfeng sneered.
Wood grunted.
This agreement clause is just a standard clause; it's added to almost every cooperation with foreign countries.
Wood sighed deeply: "Alright, then what do you suggest we do?"
"Remove".
"It's a difficult situation."
Wu Changfeng laughed instead: "Then let me give you another idea. How about I don't sign the agreement in my personal name, but in the company's name?"
Wood's eyes lit up: "A non-mainland Chinese company?"
Wu Changfeng nodded.
Registering an offshore shell company is incredibly easy.
Wood thought about it and realized that if that were the case, it would be feasible.
After all, the agreement targets opposing camps; it doesn't matter if the other side is in the same camp.
Wood nodded: "Okay!"
Wu Changfeng extended his hand: "Happy to cooperate! Willow branch, pay up!"
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