Beijing-based Vimicro will receive $1.6 million from the Vimicro Management Foundation (VMF), managed by Yang, for the transfer of these non-core businesses. Additionally, Vimicro will receive $11.1 million from VMF for its land use rights in Jiangsu, Shenzhen and Shanghai to recover the original cash use in purchasing these rights. Vimico will hold 5 percent equity interest in the new non-core business entity.