There was a Hong Kong company that NBS had a holding in that originally included AQSIQ in its name, but that then changed to CITP and is no longer relevant.
Hoping that link works and translates the announcement.
This seems like a project similar to that which has been described by TPID and NBS over the years. I wouldn't put too much weight on the accuracy of a Google translation (armed police??) but I caution that I cannot see an entity on the list of 9 participants that resembled the NBS JV in name (Beijing Zhong Te Hong Xin Technology Development Co Ltd), nor the company NBS said were piloting the project (Hangzhou Yuhang Zhangshan Steel Cylinder Co Ltd).
So while this appears to validate the existence of a project, it remains unclear as to NBS contribution, obligations or entitlements relating to it.
NBS Price at posting:
7.7¢ Sentiment: None Disclosure: Not Held