Tianhua Xinneng established a technology company in Hangzhou, specializing in research and development of electronic materials.

According to the Qichacha APP, Yilith Technology Co., Ltd. was established recently, with Wang Ronggang as the legal representative and a registered capital of 30 million yuan. Its business scope includes research and development of electronic special materials, manufacturing of electronic special materials, sales of electronic special materials, and sales of synthetic materials. Through equity piercing, it is revealed that the company is wholly owned by Jiangsu Yilith Technology Co., Ltd., a subsidiary of Tianhua New Energy.