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China Ceramics Co., Ltd. (NASDAQ: CCCL) has established a new wholly-owned subsidiary, Antelope Holdings, focused on software development. The subsidiary has secured a licensing contract with Sichuan Jin Dou Yun Law Firm, amounting to RMB 5.0 million (approximately $0.7 million). The agreement includes an initial payment of RMB 1.5 million (about $217,000) within three months, with the balance due within a year. This software aims to enhance efficiency in managing overdue client accounts for banks, representing a strategic expansion into the fintech sector.
China Ceramics Co., Ltd. (NASDAQ: CCCL) announced its wholly-owned subsidiary, Antelope Holdings, has signed a one-year licensing contract with Chengdu Jinke Yulu Technology Co. Ltd. for RMB 10 million (approximately $1.4 million). The contract includes an immediate fee of RMB 2.6 million ($375,000). Antelope's blockchain digital storage system aims to enhance legal compliance in financial transactions. The software will first target markets in Anhui, Sichuan, Guizhou, and Hunan before expanding nationwide. CEO Meishuang Huang emphasized the company's ambition to diversify revenue through fintech technology.