Central Ring Leading and Central Ring Haihe Fund establish a new materials technology company.

According to the Qichacha APP, recently, Tianjin Huanyao New Material Technology Co., Ltd. was established, with Sun Jian as its legal representative and a registered capital of 630 million yuan. Its business scope includes: research and development of new material technology; research and development of electronic special materials; manufacturing of electronic special materials; integrated circuit manufacturing; and integrated circuit sales, among others. The equity penetration analysis from Qichacha shows that the company is jointly held by TCL Zhonghuan Holding's subsidiary Zhonghuan Leading Semiconductor Technology Co., Ltd. and Tianjin Zhonghuan Haihe Intelligent Manufacturing Fund Partnership, among others.