According to the Qichacha APP, recently, Zhejiang Caixuelong Technology Co., Ltd. was established, with Lei Zhengwei as the legal representative and a registered capital of 10 million yuan. The business scope includes: manufacturing of synthetic fibers; manufacturing of high-performance fibers and composite materials; manufacturing of bio-based materials; sales of knitted textiles and raw materials, etc. Qichacha's equity penetration shows that the company is jointly held by Huilong New Materials and others