A 40-person company invested in a 700-person commercial aerospace state-owned enterprise, completing the equity change.

Chongqing Aerospace Rocket Company, a wholly-owned subsidiary of Aerospace Electronics, recently introduced a strategic investor, Chongqing Bashan Instruments, which plans to invest 230 million yuan to subscribe for a 29.39% stake. After the capital increase, Aerospace Electronics' stake will drop to 70.61%, transforming Chongqing Aerospace Rocket Company from a wholly-owned subsidiary into a controlling subsidiary. Chongqing Bashan Instruments was established in 1983 with registered capital of 19.48 million yuan and 40 insured employees. Chongqing Aerospace Rocket Company was established in 2006 with registered capital of 219 million yuan and 726 insured employees.