Tiangong International announced that on July 23, Tiangong Hard Alloy, a subsidiary of the company, signed a joint venture agreement with Mingchuang Financial Investment and Fanyu Technology Co., Ltd. to jointly establish Jiangsu Tiangong Electronic Technology Co., Ltd. to share the advantages of market resources, sales channels, technology research and development, production management, cost control, and connectivity in the field of PCB precision processing tools on the basis of equality, volunteerism and consultation, and cooperate to carry out PCB precision tool projects. The main business scope of the project company includes the production of precision tools and automatic measuring tools, the manufacture and maintenance of electronic special equipment, instruments, tools, and molds, and the sale of self-produced products; PCB mechanical laser drilling processing, leasing of own equipment; wholesale, import, export, commission agents and provision of related supporting services for similar products.

Tiangong International announced that on July 23, Tiangong Hard Alloy, a subsidiary of the company, signed a joint venture agreement with Mingchuang Financial Investment and Fanyu Technology Co., Ltd. to jointly establish Jiangsu Tiangong Electronic Technology Co., Ltd. to share the advantages of market resources, sales channels, technology research and development, production management, cost control, and connectivity in the field of PCB precision processing tools on the basis of equality, volunteerism and consultation, and cooperate to carry out PCB precision tool projects. The main business scope of the project company includes the production of precision tools and automatic measuring tools, the manufacture and maintenance of electronic special equipment, instruments, tools and molds, and the sale of self-produced products; PCB mechanical laser drilling processing, leasing of own equipment; wholesale, import, export, commission agents and provision of related supporting services for similar products.