Core Viewpoint - The establishment of Nanjing Hongfeng Research and Technology Co., Ltd. by Zhongqi Co., Ltd. indicates a strategic move to expand into various technological and agricultural sectors, with a registered capital of 50 million yuan [1] Group 1 - Nanjing Hongfeng Research and Technology Co., Ltd. has been established with a registered capital of 50 million yuan [1] - The company is wholly owned by Zhongqi Co., Ltd. through indirect holdings [1] - The business scope of the new company includes pesticide production, inspection and testing services, new material technology research and development, resource recycling technology research and development, and fermentation process optimization technology research and development [1]