Jingning Yuetai Technology

Lou Xiaotian, the founder and ultimate beneficial owner, sits atop the entity's control structure. Day-to-day legal and executive functions are held by Yang Yong as legal representative and executive director, while Yao Yali serves as supervisor. The precise delegation of investment committee authority — whether Lou alone signs off on commitments or a formal IC exists — has not been disclosed in any public corporate filing.

Both entities fall under Lou Xiaotian's beneficial ownership network. Jingning Yuetai Technology is the onshore corporate investment vehicle registered in Zhejiang, while AP Family Office (HK) Limited operates as the offshore family office registered in Hong Kong. The two structures are best understood as parallel domiciles serving different regulatory and asset-holding functions for the same principal.

As a corporate investor wholly owned by Lou Xiaotian and integrated with the Yaosheng Technology network, the firm deploys proprietary capital. No regulatory filing or public record indicates third-party LP capital or an external fund management business. The Hong Kong family office registration similarly points to a single-family, proprietary structure rather than a multi-family or open-fund model.

Yaosheng Technology is the broader corporate network under Lou Xiaotian's control; Jingning Yuetai Technology functions as one of its investment vehicles. The relationship mirrors that of a holding company and a dedicated investment subsidiary, where the subsidiary is tasked with external venture or strategic allocations rather than the parent's operating business development.

No. No portfolio company name, fund commitment, or co-investment has been publicly disclosed by the firm or captured in any regulatory filing, media report, or data vendor record. The firm's investment activity remains entirely opaque beyond what its corporate structure and real estate holdings suggest.

Jingning Yuetai Technology maintains a registered commercial office at Lijing Ethnic Industrial Park in Lishui, Zhejiang, and holds a property management portfolio in the same province. These real estate holdings appear alongside, rather than within, the venture investment vehicle, indicating an asset-owning dimension distinct from any portfolio company investments.

The firm's corporate structure and the presence of a Hong Kong family office vehicle are consistent with an entity that could serve as an LP in external funds, but no fund commitment, LP relationship, or capital call has been documented in public records. Without disclosure, its posture as a fund-of-funds participant or a solely direct investor cannot be determined.