On March 20, GLONGHUI (688516.SH) announced that the company plans to establish a joint venture with TTVHB in Malaysia through its wholly-owned subsidiary in Singapore. The total investment of the joint venture was MYR 166,600,000 (approximately US$35.65 million equivalent in US dollars). Among them, the company invested 141,610,000 Malaysian ringgit with its own capital (invested in the equivalent of Malaysian dollars, equivalent to about US$30.3 million. If the exchange rate changes later, the actual investment amount equivalent to the US dollar will be adjusted accordingly). TTVHB's main business is participating in the development and manufacture of machine vision equipment and providing related products and services.