Hechang Group established a new materials company in Hunan.

According to the QiChaCha APP, recently, Hunan Herun Chang New Material Co., Ltd. was established with Jiang Xueyuan as the legal representative and a registered capital of 5 million yuan. Its business scope includes: new material technology research and development; plastic product manufacturing; plastic product sales; and manufacture of glass fiber reinforced plastic products, etc. The equity penetration of QiChaCha shows that the company is wholly owned by Hechang Polymer.