Recently, the joint venture company Shandong Huaying New Materials Co., Ltd. completed the industrial and commercial registration procedures, and obtained the "Business License" issued by Heze City Administration for Industry and Commerce (unified social credit code: 91371700MA3DPD9466), the company registered capital: RMB 10,000 yuan The address is located at No. 439, Renmin South Road, Development Zone, Heze City, Shandong Province. The date of establishment is May 22, 2017. The business period is from May 22, 2017 to May 21, 2027. The business scope is the research and development of glass wool. Consulting and services in production, sales and related technologies.
On April 17, 2017, the 11th meeting of the 6th Board of Directors of Shandong Huapeng Glass Co., Ltd. (hereinafter referred to as the “Company”) agreed with 9 votes, 0 votes against, and 0 abstentions. The proposal of Huapeng Glass (Heze) Co., Ltd. and Winsheng Energy Saving Group Co., Ltd. to establish a joint venture company, decided that Huapeng Glass (Heze) Co., Ltd. will contribute RMB 30 million in monetary funds, and win the Energy Saving Group Co., Ltd. with monetary funds. The company invested RMB 20 million to jointly establish “Shandong Huaying New Materials Co., Ltd.”.