Full Star Enterprises, Ltd. has agreed to form a joint venture (JV) with TCL Corporation and Shenzhen Refond Optoelectronics Co., Ltd. to make light emitting diode (LED) backlight modules and LED lighting products. TCL will hold a 51% stake, while Shenzhen Refond Optoelectronics will hold a 25% stake and the remaining 24% stake will be held by Full Star Enterprises in the JV.