Jingbo Technology is a Nevada-listed holding company that operates smart parking technology businesses in China through a VIE structure. Jingbo develops and operates intelligent parking management platforms and software that help car owners find, reserve, and pay for parking, while helping parking lot operators automate and digitize their operations. The company's core platform, Any-e Park, is focused primarily in Zhejiang (Hangzhou area) and other Chinese cities. Jingbo serves car owners, parking lot operators, merchants, and city governments. The company installs physical hardware — license plate recognition cameras, automated gates, geomagnetic sensors, and smart cloud boxes — and deploys cloud-based parking management software at hospitals, airports, universities, and commercial complexes. Jingbo generates revenue through parking lot operations (directly collecting parking fees under fixed-fee or revenue-share contracts), hardware sales, software installation fees, and platform transaction fees from merchants. The business is capital-intensive, requiring upfront hardware and installation investment at each parking lot before generating recurring revenue. Jingbo controls its Chinese operations through VIE contractual arrangements rather than direct equity ownership, which carries meaningful legal and structural risk, including the possibility that such arrangements could be invalidated under Chinese law. The company also faces risks related to RMB remittance restrictions, potential auditor access issues under the HFCA Act, and Chinese data protection regulations.