In January 2024 (Document No. 7 of Ningbo Market Supervision Price Competition [2024]), the Ningbo Market Supervision and Administration Bureau reviewed and approved and announced the second batch of 203 business secret protection procedures in the city for 2023

List of bidding enterprises: Ningbo Xingtai Technology Co., Ltd. is ranked with serial number 37.

On January 4, 2024 (Document No. 7 of Ningbo Market Supervision Price Competition [2024]), Ningbo Xingtai Technology Co., Ltd. was reviewed and announced by the Ningbo Market Supervision Bureau as one of the second batch of enterprises that have implemented the trade secret protection standard in 2023, laying a solid foundation for the construction of a municipal-level trade secret protection demonstration site in 2024. The first step has been taken towards becoming a provincial-level demonstration enterprise for the protection of trade secrets.

On April 12, 2024, Xingtai Technology once again launched new products: "Dual-output Servo Driver", "Servo Permanent Magnet Melt Adhesive Reduction Motor" and "Servo Permanent Magnet Melt Adhesive Direct Drive Motor". The successful launch of these new products marks a solid step forward for Xingtai Technology in technological innovation and product research and development. The launch of the new product not only enriches the company's product line, but also significantly enhances its market competitiveness.

Among them, the "dual-output servo driver" precisely meets the customers' demands for high-precision control with its high efficiency and stability. The "servo Permanent magnet Melt adhesive reduction motor" and the "servo permanent magnet melt Adhesive direct drive motor" have won wide acclaim in the market for their outstanding power performance and significant energy-saving effects. The successful launch of these new products not only brings more business opportunities to Xingtai Technology, but also lays a solid foundation for the company's long-term development in the future.

On April 10, 2024, Zhejiang Yingtai Transmission Technology Co., Ltd. was established. The company mainly engages in technical services, technical development, technical consultation, technical exchange, technical transfer, and technical promotion. Research and development of mechanical equipment General equipment manufacturing (excluding special equipment manufacturing), gear and gear reducer, gearbox manufacturing; An enterprise integrating the sales of gears, gear reducers and gearboxes, and relying on Xingtai servo motors and servo drive systems to provide supporting processing for special energy vehicles.