The increase was offset by the decrease of (i) staff allowance of approximately $219,000, (ii) travel expenses, meals and entertainment expense of approximately $212,000 for cost enhancement.

filing / Apr 23, 2026 / receipt

The increase was offset by the decrease of (i) salaries and wages expenses of approximately $173,000 due to our workforce elimination to cut costs during the year ended December 31, 2024, (ii) travel expense, meals and entertainment expense of approximately $72,000 for cost enhancement.

filing / Apr 23, 2026 / receipt

The increase was mainly due to the increase in (i) salary and wages expenses of approximately $0.8 million (ii) professional service fee and management fee of approximately $0.4 million (iii) social insurance of approximately $0.2 million due to headcount increase during the year ended December 31, 2025.

filing / Apr 23, 2026 / receipt

In January 2021, he was appointed Chief Financial Officer, and in March 2021, became a member of the board of directors of iPower Inc.

filing / Apr 23, 2026 / receipt

However, we believe our edge lies in lead time and cost control, two of the important features of an ETO solution provider.

filing / Apr 23, 2026 / receipt

Cost savings from time savings are also shared with our customers by means of reasonable price tags. 2. Direct Drive and Linear DC Motors The market for direct drive and linear DC motors is characterized by many individual companies of different capabilities.

filing / Apr 23, 2026 / receipt

Wanjun Yao | 61 | Chairman, Chief Executive Officer and Director

filing / Apr 23, 2026 / receipt

Jingan Tang | 48 | Director

filing / Apr 23, 2026 / receipt

Lei Yao | 37 | Chief Technology Officer

filing / Apr 23, 2026 / receipt