Qingdao Lanbeili Seaweed Industry Co., Ltd. was founded in June 2016 with a registered capital of RMB 20 million. It is a wholly-owned subsidiary of Qingdao Yibai Holding Group. Relying on Qingdao's high-precision and cutting-edge marine scientific research advantages, the company has successively cooperated with many universities and scientific research institutions such as Shandong Agricultural University, Ocean University of China, and Institute of Oceanology of the Chinese Academy of Sciences. With deep-sea Ascophyllum as the main raw material, through continuous R&D investment, it has embarked on a new path of marine economy that "helps the sustainable development of modern agriculture".