Zhuhai Zhengfan Technology established a technology company in Zhejiang.

According to the Qichacha APP, recently, Zhejiang Zhengfan Baitai Technology Co., Ltd. was established, with Li Xiaofan as the legal representative and a registered capital of 10 million yuan. The business scope includes research and development of biochemical products technology; manufacturing of pharmaceutical special equipment; and manufacturing of gas and liquid separation and purification equipment, among others. Qichacha's equity penetration analysis shows that the company is wholly owned by Zhengfan Technology through indirect holdings.