Ecovacs (Huzhou) Electrical Appliance Co., Ltd. has recently been established with Li Yan serving as its legal representative and a registered capital of 10 million yuan. The company boasts a diverse portfolio of business operations, encompassing the retail of household electrical appliances, sales of service consumer robots, distribution of intelligent basic manufacturing equipment, sales of smart robots, and the marketing of household appliances. According to the equity structure diagram, Ecovacs Robotics Co., Ltd. indirectly holds full ownership of this newly founded enterprise.