Jian Yu Shao

Zhejiang Palcent Group Holdings Co., Ltd. engages in the sale of home appliances. It operates through the following business segments: Distribution agency, Weilai smart home, Logistics, Electronic commerce, and Financial. The Distribution agency segment includes air conditioners, refrigerators, washing machines, color televisions, and small home appliances. The Weilai smart home segment offers security systems, temperature control systems, air purifier systems, dust removal systems, and water treatment systems. The Logistics segment includes home appliance logistics and distribution services. The Electronic commerce segment engages in the distribution of home appliance products to online retail platforms. The Financial segment offers supply chain financing services. The company was founded in 1954 and is headquartered in Hangzhou, China.

Shanghai Fengyi Supply Chain Management Co., Ltd. provides logistic services. The company was founded on January 6, 2017 and is headquartered in Shanghai, China.