Zongheng Stock Investment Established Drone Technology Company.

According to the Enterprise Check App, recently, Fujian Zongheng UAV Technology Co., Ltd. was established with Wang Chen as the legal representative and a registered capital of 10 million yuan. Its business scope includes: manufacturing of intelligent unmanned aerial vehicles; navigation, mapping, meteorological, and marine special instrument manufacturing; sales of intelligent unmanned aerial vehicles; sales of security equipment; sales of intelligent robots; satellite remote sensing data processing, etc. Shareholding penetration shown by Enterprise Check indicates that the company is indirectly wholly-owned by Zongheng shares.