Huqin Technology has established two new technology companies.

According to the Qi Cha Cha APP, recently, Shanghai Yuan Tu Zhi Tou Technology Co., Ltd. and Shanghai Yuan Tu Hong Lian Technology Co., Ltd. were established, with Deng Zhiguo as the legal representative for both companies and a registered capital of 10 million RMB each. Equity penetration data from Qi Cha Cha shows that both companies are wholly owned by Guangdong Yuan Tu Future Technology Co., Ltd., a subsidiary of Huaqin Technology.