According to the Qichacha APP, recently, Bangxiang New Materials Technology Co., Ltd. was established, with Xu Yongzhang as the legal representative. The business scope includes: manufacturing and sales of high-performance fibers and composite materials, manufacturing of new membrane materials, etc. Qichacha's equity penetration shows that the company is wholly owned by Jiangxi Bangyue New Materials Technology Co., Ltd., whose major shareholder is Sanfu Technology
