Jiangsu Zhongtian Technologies Co., Ltd. announced that the Company and a Shenyang-based state-owned assets operation company will together establish a joint venture with a registered capital of RMB 15.1 million, in which the Company will invest RMB 10.57 million to hold a 70% stake. The new entity will be mainly engaged in manufacturing and distribution of optical fiber, electrical wire, cable and other related materials.