Zhongzhuang Supply Chain Management Co., Ltd announced that it has received CNY 450 million in funding from Qingdao Kingking Applied Chemistry Co., Ltd.

Qingdao Kingking Applied Chemistry Co., LTD is a China-based company principally involved in the cosmetics, new material candles and craft products businesses. The cosmetics business includes cosmetics research and development, production, sales, brand operations and retail businesses. The new material candles and crafts business provides new material candles and related products. The Company is also engaged in oil trading business. The Company conducts its businesses in domestic and overseas markets.