In order to make full use of the industrial advantages of rare earth resources, Group Head OfficeHuahong Technology (stock code 002645) Grasp the extension of the industrial chain, EstablishedNingbo Zhonghang Times New Materials Co., Ltd. in 2021, Focus on the machining and automaticelectroplating production of Nd-Fe-B magnetsAiming for the mid-to-high-end market，Committed toproviding end customers with a variety of NdFeB magnets, lt lays the foundation for opening up theupstream and downstream of the rare earth industry chain.

In 2023,Ningbo Zhonghang Times New Materials Co., Ltd. have established a Thailand office.

In 2024,Ningbo Zhonghang Times New Materials Co., Ltd. have established an Indian office.