According to the Qichacha APP, recently, China Merchants Cathay Biotech Co., Ltd. was established, with Lu Yiyang as the legal representative. The business scope includes: engaging in investment activities with its own funds; enterprise management; enterprise management consulting, etc. Qichacha's equity penetration shows that the company is jointly held by China Merchants Chuangke Biotechnology (Shenzhen) Co., Ltd. and Yaoxiao Biotechnology Partnership, with the major shareholder being Cathay Biotech