Guotai Environmental Protection and other investors have established a new material science and technology company.

According to the Qi Cha Cha APP, Hangzhou Xingxin Material Technology Co., Ltd. was established, with Wang Cheng as the legal representative. Its business scope includes: research and development of new material technology; sales of building materials; sales of electronic products; sales of instruments and meters, etc. The equity penetration of Qi Cha Cha shows that the company is jointly held by Hangzhou Minan Environmental Engineering Co., Ltd. under Guotai Environmental Protection, among others.