On December 1, 2015, voxeljet signed a definitive agreement to form a new entity named voxeljet China Co., Ltd. ("voxeljet China”) with Suzhou Meimai Fast Manufacturing Technology Co., Ltd. ("Meimai") to pursue opportunities in the industrial 3D printing market in China. voxeljet AG injected € 0.9 million of cash in April 2016. The capitalization of voxeljet China will occur in stages and involve the contribution of certain assets and transfer of executory contracts, primarily a rent free lease, by Meimai. voxeljet AG will own at least 70% of the equity in voxeljet China and the interest owned by Meimai after its contributions will be subject to put and call options.
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