Huaibei Pangolin Biotechnology Co., Ltd. was established in October 2017. The company is a member unit of the China Edible Fungi Association and a member of the International Mycological Society. From 2021 to 2025, it has been consecutively recognized as a National-Level Sci-Tech Small and Medium-sized Enterprise for five years. It has been rated as an "A-Class Enterprise of Abiding by Contracts and Keeping Promises" by the Anhui Provincial Administration for Market Regulation. In August 2020, the company was listed on the Innovation Basic Tier of the Anhui Equity Trading Center for Science and Technology, with the stock short name "Lingli Bio" and stock code 613737.

The company owns 8 national authorized patents, 6 software copyrights, and 4 registered works. Its fruiting mushroom sticks were selected as a "Top Brand in the Edible Fungi Industry" by China Edible Fungi Business Network in 2019. In April 2021, the company"s Technical Director was recognized as a "China Rural Mushroom Industry Expert" by the Edible Fungi Branch of the China Township Enterprise Association. In September 2023, the company obtained the customs inspection and quarantine registration for exporting mushroom sticks from China.