Beautiful.

In May 2004, the American company Maytag transferred its 50.5% stake in the Royalstar Sino-US joint venture overseas to Midea Group, and Midea Group became Royalstar’s new partner; in 2005, Midea acquired a 24.5% Chinese stake in the Sino-US joint venture Royalstar, with the Chinese retaining a 25% stake. In 2008, Midea Group acquired all the Chinese shares of the Royalstar Sino-US joint venture, making it a wholly-owned subsidiary of Midea; in 2008, Royalstar Group and Midea signed a five-year trademark licensing contract, authorizing Midea to use it on refrigerators and washing machines. "Royalstar" trademark.