At the same time, Haier and Sanyo Electric have reached an agreement on the use of the "Sanyo" brand. Upon completion of the transaction, Haier will adopt a dual-brand strategy in Japan with "Haier" and "Aqua" brands. Haier will use the "Haier" brand in Vietnam, Indonesia, the Philippinesand Malaysia, and simultaneously use the "Sanyo" brand in these markets for a specified period of time.