CITIC Envirotech Ltd. announced the incorporation of subsidiary ­ CITIC Envirotech (Anyang) Integrated Dyestuff Environmental Development Co. Ltd. The subsidiary, with a registered capital of RMB 500 million, is owned by CEL and Henan Fengzhu Textile Technology Co., Ltd, with shareholdings of 90% and 10% respectively. The capital injection is from internal resources and bank financing.