Frontier Dragon Co. established a technology company specializing in the research and development of electronic materials.

According to the Qichacha APP, recently, Shenzhen Xinfenglong Technology Co., Ltd. was established, with Wang Siyuan as the legal representative and a registered capital of 50 million RMB. Its business scope includes: manufacturing of micro-motors and components; sales of micro-motors and components; manufacturing of other electronic devices; research and development of new materials technology; research and development of electronic special materials. The equity penetration displayed by Qichacha shows that the company is fully owned by Fenglong Group.