Established in November 2019 with a registered capital of 10 million yuan, Zhejiang Hongzhen Intelligent Chip Co., Ltd. is legally represented by Zhu Lidan and specializes in technology development, focusing on integrated circuits and software programs. Among its shareholders are Zhejiang Deqing Wahaha Technological Innovation Center Co., Ltd. and Dong Linxi. A significant change occurred in June 2025 when the company's principal was shifted from Zong Qinghou to Zhu Lidan, with Zong Fuli newly appointed as a director. Nonetheless, on July 28, 2025, the company was officially deregistered, following a resolution to dissolve.