Qingdao Bozhi Yuansheng New Material Co., Ltd. was fully funded by the Company and established on April 20, 2021, in the Qingdao Jiaozhou Shanghai Cooperation Organization Demonstration Zone, with a total investment of USD 10 million. This entity primarily focuses on the import of non-ferrous metals and collaborative projects with member countries of the Shanghai Cooperation Organization.
Shanghai Yitong Industrial Co., Ltd. was founded on May 9, 2020, in the Lingang New Area of the China (Shanghai) Pilot Free Trade Zone with total capital paid up amount of CNY30 million, focusing on the business of on non-ferrous metal trading and operations within the Shanghai Free Trade Zone. Since June 2021, our wholly subsidiary, Qingdao Bozhi Yuansheng New Material Co., Ltd., holds 69.5% shares of Shanghai Yitong and let Shanghai Yitong becoming a member of our Company.
Dezhou Zerui Intelligent Equipment Manufacturing Co., Ltd. was established on July 13, 2023, in Dezhou, Shandong Province, with an actual capital paid up amount of RMB 84.6 million, in which the company holds a 50% shares of Dezhou Zerui, acting as part of our investment portfolio in China. Dezhou Zerui focus on business of Intelligent Equipment Manufacturing and developer of Industrial Park in Dezhou region.
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D2, 31st Floor, TG Place, 10 Shing Yip Street, Kwun Tong, Kowloon, Hong Kong
