According to the Qichacha APP, recently, Sichuan Honghu Aggregated New Materials Technology Co., Ltd. was established, with Zhang Song as the legal representative and a registered capital of 10 million yuan. The business scope includes: sales of green composite materials for rail transit; sales of rubber products; sales of vibration and noise reduction equipment; sales of rail transit engineering machinery and components; sales of concrete structural components; sales of cement products, etc. Qichacha's equity penetration shows that the company is wholly owned by XINZHU CORPORATION through indirect holdings