Shenzhen Jade Animation Design Co., Ltd., established in June 1985, was the first professional animation company in mainland China and, at the time, the only animation design company in the country besides the Shanghai Animation Film Studio. It was a joint venture between Hong Kong's Television Broadcasts Limited (TVB) and the Shenzhen Art Museum, a limited liability company (a joint venture between Hong Kong, Macao, and Taiwan), with a registered capital of RMB 1 million. Its registered address was located in Bagualing Industrial Zone, Shangbu District, Shenzhen, and its legal representative was Deng Songtai. The company's main business was the production of animated films and original artwork, and it also provided dubbing and music services for foreign animated films. 100% of its products were exported. It was approved for deregistration in January 2007. (Source: Baidu Baike, translated)