FC Yanbian, which was newly promoted to Chinese Super League (CSL) earlier this month, is set to enter into a five-year title sponsorship deal with Shenzhen Funde Sino Life, according to Chinese newspaper The New Cultural Newspaper.

The reported deal, which is under progress, will see the Shenzhen-based insurance company become the primary sponsor of CSL side FC Yanbian until the end of 2020 season, the News Cultural Newspaper reported.

The partnership follows the collaboration reached in late June by Funde Sino Life and the sport governing body in Yanbian, Jilin Province, which stipulated that the company would have the priority to become the title sponsor of FC Yanbian once the club would be promoted to Chinese top tier soccer league.  

The News Cultural Newspaper said the sides have finalized the negotiation about details and are currently undertaking the drafting of the contract.

FC Yanbian, is a Yanbian-based professional soccer club which won the trophy of China League On earlier this month and will be contesting in the upcoming CSL season next year.

Source: The News Cultural Newspaper