According to the Qichacha APP, recently, Shanghai Xingjuli New Materials Research Co., Ltd. was established, with Tang Junliang as the legal representative and a registered capital of 5 million yuan. The business scope includes: research and development of new material technology; sales of cutting-edge new materials; technical consulting for resource recycling services; research and development of biological organic fertilizers, etc. Qichacha's equity penetration shows that the company is jointly held by Shanghai Chengxing Phosphate Chemical Co., Ltd. and Phosphor Star Jun Kunming Technology Co., Ltd., both under Chengxing Co., Ltd