On May 30, Weihai Zhongfu Xigang Ship Co.,Ltd was formly launched. It is the joint venture by China Composites Corporation and Shandong Xigang Aquatic Products Group on the base of previous shareholding structure and business advantage. The company will specialize in developing and producing FRP boat, especially the FRP luxury pleasure boat and tunny boat. Mr. Lizhihe pointed out that the newly-born company would focus on setting up strategic alliance with world famous counterparts to fasten the development step and enlarge our business coverage as well as enhance our core competitiveness. The kicking-off ceremony was chaired by Mr. Zhoujixin and a lot of officials from the local government as well as some guests from home and abroad attended the activity.