Recently, Suzhou Lihua Zhiwei Technology Co., Ltd. has been established, led by Wang Jiangang as its legal representative and backed by a registered capital of 200 million yuan. The company's scope of business encompasses the manufacturing and distribution of additive manufacturing equipment, the sales and servicing of 3D printing essentials, the production of general-purpose machinery, and the fabrication of metal cutting and welding equipment. The equity distribution reveals a collaborative venture between Wuhan Huagong Laser Engineering Co., Ltd., a subsidiary of Huagong Technology, and Luxshare Precision's Luxshare Precision Technology (Yancheng) Co., Ltd.