The listing ceremony of Zhongxiang Tenghang, a company in which our company holds a stake, was successfully held in Beijing.
On the morning of February 17, 2017, the listing ceremony of Tianjin Zhongxiang Tenghang Technology Co., Ltd. (hereinafter referred to as: Zhongxiang Tenghang, stock code: 870183), a company in which our company holds shares, was successfully held in Beijing. Mr. Yang Ding, Chairman and General Manager of Zhongxiang Tenghang, along with senior management and special guests
attended the listing ceremony, jointly witnessing this milestone moment for Zhongxiang Tenghang. On that day, Mr. Yang Ding, Chairman of Zhongxiang Tenghang, rang the opening bell.

Zhongxiang Tenghang is dedicated to the research and development of industrial-grade unmanned aerial vehicle (UAV) systems, providing professional UAV systems, services, and training to customers in the UAV industry. Products have been widely used in many fields, including power, police, fire, maritime surveillance, agriculture, forestry, emergency response, and surveying and mapping. Currently, customers are spread across more than ten provinces and cities nationwide. The company has obtained certifications as a national high-tech enterprise, ISO9001 quality management system certification, and national defense level 3 security clearance. It holds seven software copyrights and has applied for over one hundred patents. The company's subsidiary, Zhongxiang Intelligent Hardware Factory, brings together more than ten upstream and downstream UAV companies, creating a full-industry-chain UAV-themed maker space. The company is determined to become a leading domestic industrial-grade UAV manufacturer and actively contributes to the development of China's UAV industry.