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Wuxi feipeng group subsidiary production enterprise, Yixing Tianpeng Fine Chemical Co., Ltd., is a Sino foreign joint venture, and its subsidiary export enterprise, Wuxi Wenpeng Fine Chemical Technology Co., Ltd. Subordinate investment companies: ① Lianyungang Kangcheng Food Ingredients Co., Ltd., ② Anhui Hongyang Chemical Co., Ltd. Acetate Branch, ③ Guangdong Bangbaoshi Paint and Coatings Factory. The headquarters of the group is located on Qiangao Road, Wuxi City. Located in the middle of the Yangtze River Delta in China, it is an economically developed area in China. It is 120km away from Shanghai, Nanjing and Hangzhou, and is 10km away from the center of Wuxi. It is the beautiful shore of the Taihu Lake Lake and near the famous tourist resort Lingshan Giant Buddha. The transportation is very convenient, with more than 10 highways including Shanghai Nanjing, Shanghai Hangzhou, Nanjing Hangzhou, Beijing Shanghai, Shanghai Yibin, and the Yangtze River surrounding this area. The Beijing Shanghai, Xinchang Railway, Shanghai Nanjing Intercity Railway, and Beijing Shanghai High Speed Railway run from east to west and from north to south throughout the territory. The port terminals mainly pass through Shanghai, Lianyungang, Zhangjiagang, Nanjing, Ningbo, and Jiangyin to directly sail around the world. Civil aviation has nearby airports such as Shanghai, Wuxi, Changzhou, Nanjing, and Hangzhou, flying to various parts of the world.

The company was founded in 1986, and in 1998, it jointly established a Sino foreign joint venture Yixing Tianpeng Fine Chemical Co., Ltd. with Pengcheng Company in Singapore. In 2017, it began to form a group company (with its subsidiaries: ① Lianyungang Kangcheng Food Ingredients Co., Ltd., ② Hubei Luotian Yongfei Chemical Co., Ltd., ③ Anhui Xinlong Chemical Co., Ltd., ④ Anhui Hongyang Chemical Co., Ltd. Acetate Branch, and ⑤ Guangdong Bangbaoshi Paint and Coating Factory). The group has more than 1000 employees, strong technical strength, and a large number of senior engineers and technical personnel. Advanced testing equipment and excellent product quality. It has passed the ISO9002-2000 quality system certification in 2002 (among which Lianyungang Kangcheng Food Ingredients Co., Ltd. has a food additive production license). The group's acetate series products have an annual total production capacity of 100000 tons, exquisite packaging, and high-quality pre-sales and after-sales service, winning unanimous praise from a large number of domestic and foreign customers. The product is sold throughout the country and to countries and regions such as the United States, the United Kingdom, Ireland, Germany, Turkey, Syria, India, Pakistan, Singapore, etc., with an annual sales revenue of 50 million US dollars.