According to the Qichacha APP, Jiangsu Tongfei Technology Co., Ltd. was recently established with a registered capital of 600 million yuan. Its business scope includes: research and development of Internet of Things technology; fiber optic manufacturing; fiber optic sales; optical cable manufacturing; optical cable sales; operation of wires and cables, etc. Qichacha's equity penetration shows that the company is jointly held by TGC and YOFC