Richtek Precision established Jing Gong Technology Company in Shanghai.

According to the Qichacha APP, Shanghai Lixun Precision Technology Co., Ltd. was recently established, with Xiong Jing as the legal representative and a registered capital of 30 million yuan. Its business scope includes the research and development of automotive parts, the research and development of motorcycle and parts, the development of artificial intelligence application software, the development of artificial intelligence theory and algorithm software, etc. Shareholding penetration data from Qichacha shows that the company is indirectly wholly owned by Lixun Precision.