Valiant Co., Ltd. announced that the company has signed an agreement with JD.com, New East New Materials, Deppon Technology, and YEDA J.Follow, and jointly invested in the establishment of Yantai New East New Materials Technology Co., Ltd. (tentative name). The total investment of the joint venture company is 800 million yuan. Among them, Valiant Co., Ltd. invested 160 million yuan in cash, accounting for 20% of the total investment; JD.com invested 464 million yuan, accounting for 58% of the total investment; Deppon Technology invested 144 million yuan, accounting for 18% of the total investment; YEDA J.Follow invested 32 million yuan, accounting for 4% of the total investment. The joint venture company will carry out research and development as well as sales business of electronic special materials. This external investment aligns with the company's global strategy and will not have a significant adverse impact on the company's operation and financial condition.