According to the Qichacha APP, recently, Kunshan Kotec Transmission System Co., Ltd. was established, with Li Fan as the legal representative and a registered capital of 10 million yuan. The business scope includes: manufacturing of bearings, gears, and transmission components; manufacturing of general equipment; manufacturing of motors; manufacturing of micro-special motors and components, etc. Qichacha's equity penetration shows that the company is wholly owned by YongLi through indirect holdings