Announcement from Greattown: The company plans to jointly sign a "Strategic Cooperation Framework Agreement" with Fuzhou New District Aviation City Development Investment Co., Ltd. ("Aviation Development") and AVIC Jincheng Unmanned Systems Co., Ltd. ("AVIC Jincheng"). They plan to jointly establish a joint venture company with a tentative registered capital of RMB 100 million, with equity ratios tentatively set at 56% for our company, 34% for Aviation Development, and 10% for AVIC Jincheng. According to the "Cooperation Agreement", the parties plan to jointly invest in and build the "Low-altitude Inter-city Smart Hub Airport" project in Fuzhou New District through the establishment of the joint venture company.
大名城：拟与航发公司、中航金城共同设立合资公司 投资建设“低空城际智慧枢纽机场”项目
Greattown: Plans to establish a joint venture with Aviation Development Investment Co., Ltd. and AVIC Jincheng to invest in and build the "Low-altitude Inter-city Smart Hub Airport" project.
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