BINGCHUAN has invested in Hainan to establish multiple network technology companies

According to the Qichacha APP, recently, Hainan Juhang Network Technology Co., Ltd., Hainan Chongxiao Network Technology Co., Ltd., Hainan Xuanji Network Technology Co., Ltd., and Hainan Huanji Network Technology Co., Ltd. were established. Qichacha's equity penetration shows that all four companies are wholly owned by BINGCHUAN through indirect holdings