LeiYan Investors: A Joint Investment by Hong Kong LeiYan Technoligies Limited, Changzhou Joel Plastic Co., Ltd., and Beijing LeiYan Nitrogen Gas Spring Technology Research Institute.

Inverstor: Beijing LeiYan Nitrogen Gas Spring Technology Research Institute (owned by Hong Kong LeiYan) holds patents of gas spring products and manufacturing equipment. Mr. Ning Cheng, the founder and legal representative, is the chief consultant employed by the National Technical Committee 235 on Spring of Standardization Administration of China and the National Gas Spring Professional Committee, participating in the drafting and review of national standards of gas springs.

Investor: Changzhou Joel Plastic Co., Ltd. covers an area of 98,000 m², with a building area of 58,000 m² and a total investment of 380 million RMB. The company’s self-innovated “one-step process” granulation technology, products, and equipment have been unanimously recognized by a review committee led by Professor Yu Jian from Tsinghua University, organized by the Changzhou Science and Technology Bureau, as “the first of its kind domestically, reaching an advanced international level.” The company gathers a team of mid-to-senior-level scientific and technical personnel and has successfully developed multi-color, multi-purpose, mold pressing and injection molding granules, urea-formaldehyde resin, melamine-urea-formaldehyde resin, and environmentally-friendly urea-formaldehyde resin.