On March 12, 2023, the grand opening ceremony for the relocation of Yipai Direct Drive's new factory and the signing ceremony for "Yitao Magnetic Control" Company were held at the Yipai Direct Drive new factory in Changsha Economic Development Zone.

Leaders from the Hunan Provincial Committee for Military-Civil Integration, Dai Yifan, President of Hunan Advanced Technology Research Institute; Yi Fan, Chairman of Huaguan Technology Co., Ltd.; Long Zhiqiang, Professor of the School of Intelligent Science, National University of Defense Technology; Zhang Tao, Professor of the School of Systems Engineering, National University of Defense Technology; Guo Shaofeng, Chairman of Hunan Dake Laser Co., Ltd.; Li Zili, Secretary-General of Hunan Consulting Industry Association; Li Yang, General Manager of Hunan Equatorial Galaxy Technology Co., Ltd.; Yang Hongbin, Chairman of Hunan Tianyi Leading Technology Co., Ltd.; Han Minghua, Chairman of Hunan Huano Xingkong Electronic Technology Co., Ltd.; Xiao Xiangjiang, Chairman of Hunan Chao Neng Robot Technology Co., Ltd.; Sun Quan, Chairman of Hunan Ginkgo Data Technology Co., Ltd.; Zhang Daibing, Chairman of Changsha Yunzhihang Technology Co., Ltd.; Zhou Lin, General Manager of Changsha EFS Technology Co., Ltd.; Liu Yalang, Chairman of Hunan Kangtong Electronics Co., Ltd.; Li Jian, General Manager of Hunan Hunpeng Zhihui Technology Co., Ltd.; Chen Min, Lawyer of Hunan Junrong Law Firm; Xiong Qigui, General Manager of Hunan Honghui Technology Co., Ltd.; Yang Fan, General Manager of Hunan Kuidao Intelligent Technology Co., Ltd.; Liu Peijiang, Chairman of Guoke High-precision Technology Group Co., Ltd.; Wang Ning, Chairman of Hunan Tiantao Technology Co., Ltd.; Zhu Genghong, Chairman of Changsha Yipai Direct Drive Technology Co., Ltd.; and management personnel and representatives from Hunan Tiantao Technology Co., Ltd. gathered together to witness the ceremony.

The relocation site was filled with flowers and guests. Amidst a lively and festive atmosphere, the relocation celebration ceremony for the Yipai Direct Drive new factory officially began.

At the beginning of the event, Chairman Zhu Genghong, on behalf of Yipai Direct Drive, extended the warmest welcome and sincere gratitude to all the leaders and guests present. Chairman Zhu Genghong shared Yipai Direct Drive's development history with the guests, stating that after more than 20 years of development, Yipai Direct Drive has gone through a difficult but glorious journey, achieving leapfrog development. This is attributed to the hard work of Yipai employees, government support, the cultivation of the National University of Defense Technology (NUDT), and the care of people from all walks of life. The starting point brought about by past achievements will also give Yipai Direct Drive the confidence to pursue higher goals. The completion of the new Yipai Direct Drive base will also mark a change in Yipai Direct Drive's business philosophy: from focusing on excellence to focusing on both scale and excellence.

The newly established "Yitao Magnetic Control" company will integrate advanced technologies such as ultra-high-thrust linear motors, magnetic control technology, and flywheel energy storage to develop new cutting-edge products for our national defense equipment. This is one of Yipai Direct Drive's product directions for expanding the business based on linear motors. Chairman Zhu Genghong stated that this signing and unveiling ceremony is a clarion call for a new journey, and Yipai Direct Drive will strive to fulfill its mission. Finally, he wished everyone continued success, a strong national defense, a prosperous motherland, and good health to all friends.

President Dai Yifan first reviewed the experiences and deep friendship forged during his time at the National University of Defense Technology. Through communication with the visiting guests, he further affirmed the spirit of "mastering one's craft" among the entrepreneurs from NUDT. He also wished the Yipai Direct Drive relocation and "Yitao Magnetic Control" company signing ceremony a complete success and rapid growth. Finally, he hoped that the Hunan Advanced Technology Research Institute platform, with its focus on industry-academia-research collaboration, would work with entrepreneurs from NUDT to collaborate on innovation and contribute to the military and the country. He expressed his hope that the Hunan Advanced Technology Research Institute would serve as a bridge between NUDT and its alumni, transforming NUDT's scientific and technological achievements into industries, strengthening close cooperation between enterprises, and working together to excel.

Fireworks blazed, and applause thundered. Accompanied by lively and festive music, the unveiling guests were invited to the stage to unveil the sign for the relocated Yipai Direct Drive, and those present witnessed this exciting moment.

To enhance the company's overall strength and market competitiveness, and in accordance with the company's strategic layout and business planning needs, Changsha Yipai Direct Drive Technology Co., Ltd., Hunan Tiantao Technology Co., Ltd., and Guoke High-precision Technology Group Co., Ltd. jointly invested in and established the wholly-owned subsidiary Changsha Yitao Magnetic Control Intelligent Equipment Co., Ltd. The establishment of this company will further enhance Yipai Direct Drive's overall strength and has positive implications for the company's development. In the future, it will also have a positive impact on the company's financial condition and operating results.

Liu Peijiang, Chairman of Guoke High-precision Technology Group Co., Ltd.; Wang Ning, Chairman of Hunan Tiantao Technology Co., Ltd.; and Zhu Genghong, Chairman of Changsha Yipai Direct Drive Technology Co., Ltd., conducted the strategic cooperation signing ceremony for "Changsha Yitao Magnetic Control Intelligent Equipment Co., Ltd."

After the ceremony, more than 20 enterprise heads gathered for a face-to-face exchange meeting. Wang Ning, General Manager of Changsha Yitao Magnetic Control Intelligent Equipment Co., Ltd., gave a detailed introduction from several aspects: the background of the establishment of "Yitao Magnetic Control" company, the technical management team, series of products, existing achievements, and future plans.

Following this, the heads of the participating units actively spoke, expressing their congratulations on the relocation of Yipai Direct Drive and the establishment of "Yitao Magnetic Control" company. They reminisced about their time at their alma mater and introduced their accumulated practical experience and areas of expertise, hoping to strengthen collaborative innovation among enterprises, form strong alliances, and combine research and development with the market. They aimed to achieve the future mass production of products in terms of product technology advancement and cost control, and to promote the industrialization of scientific research achievements.
 

After the meeting, the guests visited and exchanged views on the product display area and production lines of the company's new base.

Strive for excellence on a new journey, and persevere towards the future. Standing at the starting line of the spring of 2023, a new journey has begun, and a new blueprint has been drawn. Yipai Direct Drive will surely shoulder the mission and responsibility entrusted by the times, with greater enthusiasm, high spirits, and firm confidence, seizing new opportunities, creating new achievements, and achieving new brilliance!