"Mu Yuan Group and others establish a new company including a business in processing renewable resources."

According to the Qi Cha Cha app, recently, Fangcheng County Yushengyuan Agriculture and Animal Husbandry Co., Ltd. was established, with Xie Lei as the legal representative and a registered capital of 50 million yuan. Its business scope includes processing of renewable resources, sale of renewable resources, import and export of goods, and import and export of technology. Equity penetration displayed on Qi Cha Cha shows that the company is jointly owned by Fangcheng Muyuan Agriculture and Animal Husbandry Co., Ltd., a wholly-owned subsidiary of Muyuan Stock.