Wanhua Chemical and Baowu Carbon Industry jointly established a new carbon fiber company with a registered capital of 850 million yuan

On March 8, Wanhua Chemical Group Co.
, Ltd.
(hereinafter referred to as "Wanhua Chemical") and Baowu Carbon Industry Technology Co.
, Ltd.
(hereinafter referred to as "Baowu Carbon Industry") jointly established Zhejiang Baowan Carbon Fiber Co.
, Ltd.
(hereinafter referred to as "Baowu Carbon Fiber Co.
, Ltd.
").
referred to as "Baowan Carbon Fiber")
.

According to Leju Finance, Baowan Carbon Fiber was established on March 7, 2022 with a registered capital of 850 million yuan.
The legal representative is Li Junhai.
Its business scope includes: synthetic fiber manufacturing; high-performance fiber and composite material manufacturing; graphite and carbon products manufacturing,
etc.
At present, its major shareholder is Baowu Carbon Industry, holding 51%; Wanhua Chemical holds 49%
.

Wanhua Chemical was established on December 16, 1998 with a registered capital of 3.
14 billion yuan and its legal representative is Liao Zengtai
.
At present, its major shareholder is Yantai Guofeng Investment Holding Group Co.
, Ltd.
, holding 21.
59% of the shares
.
The latter is 100% owned by the State-owned Assets Supervision and Administration Commission of the Yantai Municipal People's Government
.

Baowu Carbon Industry was established on May 19, 1997 with a registered capital of 750 million yuan, and its legal representative is Lin Xiuzhen
.
At present, its major shareholder is Baoshan Iron and Steel Co.
, Ltd.
(hereinafter referred to as "Baosteel Co.
, Ltd.
"), holding 89.
73% of the shares
.
The major shareholder of Baosteel Co.
, Ltd.
is China Baowu Iron and Steel Group Co.
, Ltd.
, holding 48.
56% of the shares
.
The latter is 100% owned by the State-owned Assets Supervision and Administration Commission of the State Council
.