Is JetChang Drive a state-owned enterprise?

No. Jiechang Drive is a private enterprise, full name is Shenzhen Ribbon Precision Instrument Co. Ltd. is a state-level high-tech enterprise specializing in the research and development, production and sales of intelligent linear drive control systems. At present, the company has formed three major product systems, namely, medical care, intelligent office and smart home, and as a leading enterprise in the domestic market, it provides professional intelligent control and drive solutions for the global medical and rehabilitation, nursing care and smart home and other related industries. Located at No. 2, Lai Sheng Road, Xinchang County, Zhejiang Province, Jiechang Drive was founded in 2000.