Legal analysis: The owner of the exclusive right to a trademark can, but the licensee of the trademark cannot.

According to legal provisions, shareholders can make capital contributions in currency, or in kind, intellectual property rights, land use rights and other non-monetary properties that can be valued in currency and transferred in accordance with the law; however, laws and administrative regulations Exceptions are made for property that is stipulated not to be used as capital contribution.

It can be seen that since non-monetary property should be able to be valued in monetary terms and transferred in accordance with the law, but the right to use a trademark cannot be transferred in accordance with the law, the right to use a trademark cannot be invested.

Legal basis: "Company Law of the People's Republic of China" Article 27 Shareholders can contribute capital in currency, or in kind, intellectual property rights, land use rights, etc. They can be valued in currency and can Non-monetary property transferred in accordance with the law shall be used as capital contribution; however, property that cannot be used as capital contribution according to laws and administrative regulations shall be excluded.

Non-monetary property used as capital contribution shall be evaluated and verified, and the property shall not be overvalued or undervalued. If laws and administrative regulations have provisions on valuation and valuation, those provisions shall prevail.