Recently, Yanfeng (Beijing) Automotive Seat Co., Ltd. has been officially inaugurated, with Li Zhanling serving as its legal representative and a registered capital amounting to RMB 52 million. The company's scope of business encompasses the research and development, production, wholesale, and retail of automotive parts and accessories, in addition to the import and export of goods and technologies. An equity structure diagram reveals that Yanfeng (Beijing) Automotive Seat Co., Ltd. is a wholly-owned subsidiary of Yanfeng International Seating Systems Co., Ltd., which itself is a part of the Huayu Automotive Group.