According to (Aiqi Tea), Yantai Zhongchong Food Co., Ltd. is a Sino-foreign joint venture established in 1998, with a total investment of 45 million US dollars and an area of 300,000 ㎡. It has three R&D centers and two production bases in Europe, America and Japan. At present, it has six factories and 1 expert R&D centers in China, and has won the bid for 45 projects.