Shenzhen Refond Optoelectronics Co., Ltd. has successfully established a joint venture with TCL and Yu Star Enterprise, approved during a board meeting on November 13th. The new venture, named Huarui Photoelectronic Technology, is headquartered in the HuiZhou city Zhongkai high-tech development zone with a registered capital of RMB 200 million (approximately US $33 million). This partnership will focus on research and development, manufacturing, and the sale of LED components, applications, backlight modules, and related accessories, with intentions to market its products both domestically and internationally.