Hiecise Precision Equipment Co.,Ltd. announced that the company has signed the 'Joint Venture Agreement' with Changchun Changguang Daqi Technology Co., Ltd. to jointly invest in the establishment of Changguang Hiecise Intelligent Manufacturing Technology Co., Ltd. The registered capital of the joint venture is 5.5 million MMF, of which Hiecise Precision Equipment contributes 4 million MMF in cash, accounting for 72.73% of the registered capital; Changguang Daqi contributes 1.5 million MMF in intangible assets, accounting for 27.27% of the registered capital. The joint venture mainly engages in application verification, sales, and services of ultra-precision optical component grinding machines and ultra-precision guide rail grinding machines, as well as undertaking grinding processing services for ultra-precision parts such as optical components and Semiconductors.