According to CoinMeta, the Board of Directors of TVB (Wireless Group Co., Ltd.) announced on August 10 that it intends to establish a joint venture with Base Capital. It is proposed that Wireless Group and Base Capital hold 51% and 49% of the ordinary voting rights shares in the joint venture, respectively. The project will be implemented in phases over the coming years, with funding sources including a maximum equity investment of HK$2 billion from Base Capital into the joint venture, project bank financing, and internal resources of the group itself.