Shenzhen Refond Optoelectronics Co., Ltd. announced on November 13th that the Refond joint venture proposal with TCL and Yu Star Enterprise was passed during the second annual board of directors 5th deliberation meeting held on July 16th, 2013.

The joint venture established in HuiZhou city Zhongkai high-tech development zone is called Huarui Photoelectronic Technology with a registered capital of RMB 200 million (US $33 million). The undertaking for the company will include R&D, manufacturing, and sales for LED component package, LED application products, R&D for backlight modules, LED light modules, and product accessories. Products will be sold both locally and internationally. The three stockholders include TCL, Refond, and Yu Star Enterprise.