According to the Qichacha APP, recently, GRAND HOLDING Qihuang Biotechnology Co., Ltd. was established, with Shi Yingchun as the legal representative and a registered capital of 30 million yuan. The business scope includes: research and development of bio-based material technology; acquisition of primary agricultural products; sales of agricultural by-products; retail of edible agricultural products; acquisition of Chinese herbal medicine; cultivation of Chinese herbal medicine, etc. Qichacha's equity penetration shows that the company is wholly owned by GRAND HOLDING indirectly