Zhejiang Zhongsheng Industrial Group Co., Ltd.

Zhongsheng Group was established in September 2004. It is a private enterprise operating across borders and investing in multiple industries, with a registered capital of 638 million yuan and total domestic and overseas assets exceeding 3 billion yuan. Its actual controller is Wu Hongxin. The group is headquartered in Zhongsheng Building, 277 Internet of Things Street, Binjiang District, Hangzhou, in a property it owns. The group has strong capital strength, and its main businesses cover equity and real estate investment, international trade, ocean shipping, financial software, mining development, new energy vehicles and other fields. Wu Hongxin is currently the actual controller of Zhidu Co., Ltd. (000676), a Shenzhen A-share listed company.
Zhongsheng originated in Africa and has successfully operated there for nearly 30 years, engaging in trade and investment in more than 20 African countries. The company has extensive operating and investment experience and project achievements on the African continent, specializing in the import and export of building materials, machinery and equipment, and vehicles, ocean transportation, real estate development and construction, and mining investment and development. For many years, the group has been Angola's leading cement importer (selling its own brand Africa No.1 Cement) and heavy-duty vehicle importer, as well as a dry bulk carrier on the China-Southwest Africa route. In Luanda, the capital of Angola, it has developed and built high-end fully furnished villas and high-rise apartments, and has cement warehouses, automobile 4S stores and employee living areas.
The group has carried out block exploration and development in Angola, including onshore oil, metal and non-metallic minerals. It has obtained the mining right for a large niobium mine (a strategic metal), and has established a joint venture with Angola Iron Ore Company (representing the Angolan government) to officially launch development. Once completed, it is expected to become a leading global niobium supplier and an important strategic resource controlled by China. Other projects, such as diamond mining areas (exploration rights obtained), investment in establishing prepaid electricity meter and water meter factories in Angola, and undertaking power grid renovation projects, are also under negotiation and progressing.