1997 The Huangyan government has further implemented system reforms. Based on the original Huangyan Canned Food Factory’s first branch, 10,000 yuan per share. 47 employees including Wu Yongjin invested 2.18 million yuan in capital, accounting for 68.55%.

1997

The Huangyan government has further implemented system reforms. Based on the original Huangyan Canned Food Factory’s first branch, 10,000 yuan per share. 47 employees including Wu Yongjin invested 2.18 million yuan in capital, accounting for 68.55%. State-owned shares accounted for 31.45% in kind. Invested and established the self-operated, independent accounting, self-financing joint-stock cooperative enterprise-"Zhejiang Huangyan No. 1 Can Food Factory".

The party branch of Zhejiang Huangyan No. 1 Canned Food Factory was established, Wu Yongjin served as the secretary, and it was subordinate to the Party Committee of Zhejiang Huangyan Canned Food Factory.