Hong Kong Aerospace Technology Group and Asia-Pacific Space Cooperation Organization Entered into a Memorandum of Understanding on All-round Cooperation

On 16 November 2022, the Company and Asia-Pacific Space Cooperation Organization (‘‘APSCO’’) entered into a memorandum of understanding (the ‘‘MOU’’) in relation to the comprehensive cooperation in areas such as satellite manufacturing, satellite data, aerospace industry supply chain, aerospace education and training, organization of international conferences and forums.

 Pursuant to the MOU, the Group will provide APSCO and its member states with businesses and services such as satellite manufacturing, satellite assembly, integration and comprehensive testing; satellite tracking and control and satellite data application and the aerospace industry supply chain. The Group, APSCO and its member states will jointly carry out aerospace education programmes and trainings and hold international academic exchanges and aerospace-related academic conferences and forums.

 The Company is of the view that the cooperation with APSCO will have a significant impact on the Group’s Aerospace Business. The Group may also contribute to the development of space technology in countries in the Asia-Pacific region and facilitate international-level exchange of experiences in the industry.

 About APSCO

APSCO is an inter-governmental organization, established in 2008 and headquartered in Beijing, China, which currently has 8 full members, including China, Mongolia, Pakistan, Thailand and Peru; 1 signatory member being Indonesia; 1 associate member being Egypt; and 2 observer country or organization. The objectives of APSCO are to promote the development of the aerospace industry of its member states, carry out multilateral cooperations in space science, technology and its application, enhance the member states ‘space capabilities and facilitate the peaceful uses of the outer space by the mankind.

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