Honav, the Chinese company that designed and made lapel pins for the Beijing and London Olympics, has become the official provider of pins for the Rio 2016 Games, becoming the first company to get pin-licensing rights three times in a row.

Jack Chen, chairman of Honav, also known as Beijing Huajiang Culture Development Co Ltd, signed the agreement with Carlos Nuzman, president of the Rio 2016 organizing committee, in London on Saturday.

"As Honav is famous for the quality of its creative designs, I have every confidence that it will continue with its work in the run-up to Rio 2016," Nuzman said at the signing ceremony.