Legal analysis: It is invalid, but the transfer is valid. After the company is cancelled, the trademark can be transferred within one year, or an application for trademark cancellation can be submitted. If the company does not transfer the trademark at the time of cancellation, the company can transfer the trademark through transfer if the ownership has been decided.

Legal basis: Article 50 of the "Trademark Law of the People's Republic of China" If a registered trademark is revoked, declared invalid or will not be renewed upon expiration, it shall be deemed to have been cancelled, declared invalid or cancelled. Within one year from the date of registration, the Trademark Office will not approve applications for trademark registration that are identical or similar to the trademark.

Article 213 of the Criminal Law of the People's Republic of China and the People's Republic of China: Using the same trademark as the registered trademark on the same kind of goods or services without the permission of the owner of the registered trademark, if the circumstances are serious , shall be sentenced to fixed-term imprisonment of not more than three years and concurrently or solely with a fine; if the circumstances are particularly serious, shall be sentenced to fixed-term imprisonment of not less than three years but not more than 10 years and shall also be fined.