What is the relationship between CNNC Hengtong (Shenzhen) Holdings Co., Ltd. and CNNC Hengtong (Beijing) Materials Co., Ltd.

As shown in the figure, according to the industrial and commercial registration records, CNNC Hengtong (Beijing) Materials Co., Ltd. is a shareholder of CNNC Hengtong (Shenzhen) Holdings Co., Ltd.

However, CNNC Hengtong (Beijing) Materials Co., Ltd. was listed in the business exception list of the industrial and commercial department because it could not be contacted through the place of registration or business premises.

As for whether it is a fraud company, it is impossible to judge.