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The new company is called "Huarui Optoelectronics Technology (Huizhou) Co., Ltd." with a registered capital of 200 million yuan. Among them, TCL Group invested 102 million yuan, holding 51%; Ruifeng Optoelectronics invested 50 million yuan, participating in 25%; Yuxing Enterprise invested 48 million yuan, participating in 24%.
Yuyuan Optoelectronics is one of the largest LED chip manufacturers in Taiwan. Ruifeng Optoelectronics is a well-known LED packaging company in China, while color TV giant TCL holds downstream channels and product resources.
According to the announcement, Huarui Optoelectronics' main business is: R&D, manufacturing and sales of LED packaging, backlight modules, lighting modules and related products; investment in LED chips, packaging, application modules, application products and other related industries.
Ruifeng Optoelectronics said in the announcement that the company is striving to take the lead in the market with huge market and promising LED lighting market and medium and large size LCD backlight. TCL has rich channel resources in the LCD TV market and LED lighting market. Yuxing Enterprise's parent company, Yuyuan Optoelectronics Co., Ltd. is a professional LED chip manufacturer. This cooperation with TCL and Yuxing Enterprise is beneficial to play Ruifeng Optoelectronics and The complementary resources and advantages of TCL and Yuxing Enterprises strengthen the company's position in the field of medium and large LCD backlights and LED lighting sources.
At the 10th Gaogong LED Industry Summit Forum on June 10 this year, Gong Weibin, chairman of Ruifeng Optoelectronics, said that the penetration rate of LED lighting was 8% in 2012 and will increase to 15% in 2013, 2014. Will be further increased to 40%. In 2013 and 2014, the domestic LED market will explode, and Ruifeng Optoelectronics will seek opportunities to cooperate with the upstream and downstream of the industry chain. 
On the evening of July 16, Ruifeng Optoelectronics (300241.SZ) announced that the company plans to spend 200 million yuan together with TCL Group and Taiwan's "Yuanyuan Optoelectronics" wholly-owned subsidiary "Yuxing Enterprise" in Huizhou, Guangdong Province. City Zhongkai High-tech Development Zone established a joint venture LED company.