Tianjian Corporation: Planning to establish a joint venture company with Beijing Kangte Electronic

Tianjian Corporation announced that the company plans to sign a strategic cooperation agreement with Beijing Kant Electronics to jointly establish a joint venture and invest in the construction of a small-sized, high-precision quartz crystal resonator and oscillator production project. The registered capital of the joint venture is 20 million yuan, with Tianjian Corporation subscribing for 9.8 million yuan, holding 49% of the shares; Beijing Kant Electronics subscribing for 10.2 million yuan, holding 51% of the shares.