Bayway Co., Ltd. and other newly established investment development companies

According to the Qi Cha Cha app, recently, Guangzhou Lai Sheng Investment Development Co., Ltd. was established, with the legal representative being Leng Zhigang. Its business scope includes: retail of cosmetics; wholesale of cosmetics; corporate management; property management; investment activities using own funds; and cosmetics production. Equity penetration information from Qi Cha Cha shows that the company is jointly held by Ba Wei Stock Co., Ltd. and its wholly-owned subsidiary, Guangzhou Ba Wei Bio-technology Co., Ltd.