Thai Ho Group Inc. has agreed to form a joint venture with Point Pyuru to build a new factory on Okinawa, Japan to produce cosmetics for export to Asia and Western countries. The new joint venture will produce cosmetics and Thai Ho will contribute over 51% of the capital for the JV. As part of the transaction, Thai Ho is providing USD 3 million to construct a cosmetics plant in Japan. Both companies intends to start the joint venture in first quarter of 2018.