According to the Qichacha APP, recently, Guangdong YONGGUAN New Material Technology Co., Ltd. was established, with Chen Qing as the legal representative and a registered capital of 20 million yuan. The business scope includes: research and development of new material technology; sales of rubber products; sales of second-hand daily necessities; sales of textile products; sales of plastic products; sales of packaging materials and products, etc. Qichacha's equity penetration shows that the company is wholly owned by YONGGUAN New Material
