Huachen Artificial Intelligence Parking Management Technology Holdings Limited was incorporated in the Cayman Islands on September 30, 2021, and serves as a holding company that conducts all operations through its subsidiaries in China. The company is a comprehensive intelligent parking solutions and structural equipment supplier, with its key operating subsidiary, Shanghai Tiandidaochuan Parking Equipment Manufacturing Co., Ltd., being a well-established pioneer in mechanical parking equipment manufacturing with over twenty years of experience. Its business spans three continents—Asia, Africa, and the Americas—and has evolved from equipment manufacturing to building an integrated parking industry chain driven by IoT and Industry 4.0, maintaining a leading position in urban static traffic development. Since the early 1990s, the team has independently developed China's first batch of mechanical parking equipment by absorbing advanced foreign technologies, laying a solid foundation for the domestic parking equipment industry.