A Hong Kong-based front company; according to the U.S. Department of the Treasury, part of a procurement network for Hamed Dehghan and his Iran-based company Pishtazan Kavosh Gostar Boshra (PKGB) supplying Iran's ballistic missile and unmanned aerial vehicle (UAV) programs.

According to the U.S. Department of the Treasury, has been used by PKGB to obtain U.S.- and Western-origin microelectronics and aviation parts with UAV applications.

Other companies in the procurement network include Duling Technology HK Limited, FY International Trading Co., Limited, and Narin Sepehr Mobin Isatis; components procured by the network have been used to develop and produce Shahed-series UAVs, which have been used by Russia in Ukraine.

Incorporated in 2023.

Sanctions

Added on February 2, 2024 to the Specially Designated Nationals (SDN) list maintained by the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC), freezing its assets under U.S. jurisdiction and prohibiting transactions with U.S. parties, pursuant to Executive Order 13382, which targets proliferators of weapons of mass destruction (WMD) and their delivery systems; foreign parties facilitating transactions for the entity or otherwise assisting the entity are subject to U.S. sanctions; also subject to the Iranian Financial Sanctions Regulations; foreign financial institutions facilitating transactions for the entity may be prohibited from opening or maintaining correspondent or payable-through accounts in the United States.

Added on June 12, 2024 to the U.S. Department of Commerce's Entity List of end users subject to heightened export license requirements (with a policy of denial) due to involvement in proliferation activities or other activities of national security concern; exports, reexports, or transfers to the entity of certain foreign-produced items also require a license (with a policy of denial).