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On June 9th, Hubei Feilihua Quartz Glass Co., Ltd. made an announcement stating its intention to collaborate with Wuhan Changyingtong Optoelectronic Technology Co., Ltd. and Hubei Changyi Gongying Venture Capital Fund Partnership (a limited partnership entity) in a joint investment venture totaling 100 million yuan. This collaborative effort aims to establish a new joint venture company focused on the production of high-purity precision quartz materials specifically designed for optical fiber applications. The planned annual production capacity of this venture includes 70 tons of specialized products, such as liners and sleeves tailored for optical fiber use. Notably, Feilihua will contribute 51 million yuan to this initiative, securing a 51% ownership stake in the joint venture.
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