According to the Qichacha APP, recently, Xianggang Wuchan Metal Co., Ltd. was established, with Kuang Wei as the legal representative and a registered capital of 200 million yuan. The business scope includes: sales of metal ores; sales of metal materials; sales of metal products; sales of machinery and equipment; sales of coal and products; sales of building materials; sales of non-ferrous metal alloys, etc. Qichacha's equity penetration shows that the company is jointly held by Xiangtan Iron and Steel Group Co., Ltd. and WZ Group's subsidiary WZ Group Metal Co., Ltd
