Quanzhou QingChang Leather Co., Ltd. was founded in 15th November 1993. Lichang became its shareholer with 100% share in 31st May 2021. While Qingchang has stop its business operation before the takeover and Lichang does not run Qingchang since it became the shareholder considering Lichang's future plan and the industry focused. Qingchang now is not under operation, and does not have any employee. 
Meanwhile, Lichang now has decided that Quanzhou Qingchang Leather Co., Ltd. will not be operated in the future.