It is a wholly-owned subsidiary of Jinfu Technology, established in 2018, with its production base located in Guilin City, Guangxi Zhuang Autonomous Region, and has obtained the certificate of "high-tech enterprise". In 2021, Jinfu Technology successfully acquired 100% equity of Xiangzhao Technology, successfully expanding the group's new pull ring cover business. Xiangzhao Technology is mainly the core production base of the company's new pull ring cap business, with professional production and manufacturing technology and research and development capabilities in the field of metal bottle caps.