NINGBO WUTAI PLASTICS Co., Ltd is a wholly-owned subsidiary attached to Wutai Holding.

August 2008 our group cooperates with the Mechanical College of HuaZhong University of Science and Technology University to develop a "solid oxide Fuel Cell" Project, which develop for the family and use the key components of the core of high-performance SOFC, single cell, hydrogen genitors, research and development of plasma digital high-performance preparation, forming, sintering integration of key technologies. If successful, its application will improve the performance of SOFC, and a significant reduction in manufacturing costs, thereby contributing to domestic SOFC products dominating the market as soon as possible and wrapping enormous economic and social benefits.

In September 2008 the Group invested 20 million cooperate with Sichuan Zhongwu Material Co., Ltd to set up Zhejiang Zhongwu Material Co., Ltd. It is specializing in modified polyphenylene GST composite materials and products, which will become the high-tech enterprise with billions output value in the next three years, and plan to list in the domestic SME Board in the after three years.