the relationship between Jinde Plastic Pipe Group and Hongyuan Group is divided into two points.
1. Zhang Peng's other large-scale enterprise, Jinde Pipe Group, was jointly established by Shenyang Hongyuan Group and Germany UNICOR Plastic Equipment Manufacturing Co., Ltd. in 1999 with a registered capital of 51 million US dollars.
2. Jinde Plastic Pipe Group mainly produces new chemical building materials, and also operates restaurants, hotels, supermarkets and other industries.