Investment Establishment of ST Medium to Set up Circular Economy Company

The QCC APP shows that recently, Shenzhen Hengyou Circular Economy Co., Ltd. was established with a registered capital of 10 million RMB. Its business scope includes: biomass energy technology services; biomass fuel processing; comprehensive utilization of agricultural, forestry, animal husbandry, and fishery waste; research and development of technology for the harmless utilization of agricultural and forestry waste resources. QCC's equity penetration shows that the company is fully owned by ST Zhongzhuang.