Beijing Quanhuaxin establishes a subsidiary, which includes the research and development business for electronic special materials.

According to the Qi Cha Cha app, Shenzhen Jingquan Hua Technology Development Co., Ltd. was recently established with a registered capital of 50 million yuan. Its business scope includes: research and development of electronic special materials; sales of electronic products; retail of electronic components; sales of power electronic components; sales of electronic special equipment; sales of electronic core components and equipment, etc. The equity penetration displayed on Qi Cha Cha shows that the company is wholly owned by Jingquan Hua.