INST has established a new company in Inner Mongolia, including electronic specialty materials business

According to the Qichacha APP, recently, INST Rare Magnetic Technology Co., Ltd. was established, with Zhou Weina as the legal representative and a registered capital of 20 million yuan. The business scope includes: engaging in investment activities with its own funds; research and development of new material technology; research and development of electronic special materials, etc. Qichacha's equity penetration shows that the company is wholly owned by INST