Yonglianfeng Group Holdings Limited (the “Company”), together with its subsidiaries (the “Group”), is a leading manufacturer of high-quality slewing bearings in China. We also provide a comprehensive product line of mechanical parts and machinery mainly used in construction sites and mining sites. During the year, the Company successfully transferred its listing from the Hong Kong Stock Exchange Limited (“Stock Exchange”) GEM to the Main Board (“Transfer Listing”). The last trading date for shares in GEM (GEM stock code: 8617) was September 28, 2023, and shares began trading on the Main Board (Main Board stock code: 9882) on September 29, 2023. The slewing bearings we manufacture meet Japanese industrial standards (“Japanese Industrial Standards”). This standard is regarded as an industry benchmark, and the quality control requirements for producing slewing bearings are stricter than in many other countries around the world. Since 2020, the Group has been developing new products and providing a wider range of services. In addition to slewing bearings, it also manufactures other parts and components for machinery to seize business opportunities and meet customer needs. The machinery and mechanical parts provided by top Japanese suppliers meet the Group's procurement needs, and few other suppliers on the market have machinery and components with the relevant specifications. Our main subsidiaries include Yonglianfeng Co., Ltd. (“Yonglianfeng”), Rongfeng Machinery Co., Ltd. (“Rongfeng”) and Dongguan Gongrong Precision Machinery Co., Ltd. (“Gongrong Precision Machinery”). The Company is an exempted limited company incorporated in the Cayman Islands on October 26, 2018. During the reporting period, the Company's principal place of business in Hong Kong was changed from Room 1226B, 12th Floor, Starlight House, 3 Salisbury Road, Kowloon, Hong Kong to Room 1119, 11th Floor, Metropolis Building, 10 Metropolis Drive, Kowloon, Hong Kong.