Jiangsu Junan New Materials Technology Co., Ltd. is a wholly -owned subsidiary of Ningbo Junan Holdings Co., Ltd. It was established on November 1, 2011.

In November 2018, Jiangsu Junan New Materials adhering to the corporate purpose of the head office "Junxingzhi, Ande Deyi", as well as the decision to invest in new projects under the strategic framework that focuses on value investment. The total investment of the project is 150 million yuan, and the project funds are all self -raising, including 49.2 million yuan in infrastructure investment, 100 million yuan in equipment investment, and 3.15 million yuan in software investment.