China Aerospace Times Electronics subsidiary secures 230m yuan investment

China Aerospace Times Electronics Technology Co., Ltd. announced that its wholly-owned subsidiary, Chongqing Aerospace Rocket Electronic Technology Co., Ltd. (Chongqing Aerospace Company), will receive a 230 million yuan capital increase from Chongqing Bashan Instrument Co., Ltd. (Chongqing Bashan Company). Chongqing Bashan Company, a wholly-owned subsidiary of China Aerospace Times Electronics Co., Ltd., will acquire 29.39% equity in Chongqing Aerospace Company as a strategic investor. This transaction was approved by the company's board of directors on October 15, 2025.

The capital increase will boost Chongqing Aerospace Company's registered capital from 218.83 million yuan to 309.9266351 million yuan, with an additional 138.9033649 million yuan being allocated to capital reserves. The funds are earmarked for advancing research in measurement and control communication and network information, satellite applications, system integration, intelligent manufacturing, software technology and data applications, and enhancing production capabilities for electronic terminals and systems.

This move is expected to improve Chongqing Aerospace Company's technical capabilities, expand its industrial scale, optimize its financial metrics, and strengthen its sustained operating capacity. While China Aerospace Times Electronics' ownership stake will decrease from 100% to 70.61%, Chongqing Aerospace Company will remain a controlled subsidiary, ensuring no change in the scope of consolidated financial statements.