According to the Qichacha APP, recently, Shaoxing Weihua New Material Technology Co., Ltd. was established, with Wu Jiangwei as the legal representative and a registered capital of 100 million yuan. The business scope includes: research and development of new material technology; promotion services for new material technology; enterprise management, etc. Qichacha's equity penetration shows that the company is wholly owned by Weihua New Material