Hubei Lingzhi Chemicals Technology Industry Co., Ltd. was founded in May 2002, Which specialized in the series of intermediates, constructing standard production base by expropriating 30 acres land in Hanchuan City in 2004. Wuhan Institute of Technology became a shareholder of Lingzhi Chemicals, strenthened technological innovation and increased investment in new products, to make the company to a new level In December 2007.