Titan holdings and other investments form a new material company.

Recently, according to the QiChaCha app, Zhejiang Huanrun New Materials Co., Ltd. was established with Chen Yourong as the legal representative. Its business scope includes manufacturing and selling new film materials, research and development of new materials technology, battery manufacturing and sales. Equity penetration information on QiChaCha shows that the company is jointly held by Titan Shares and others.