On February 21, 2023, Elite Electronics and Galaxy Space (Xi'an) Technology. held a strategic cooperation signing ceremony. Elite Electronics will provide Galaxy Space with RF connectors and cable assemblies to ensure the successful operation of satellites in orbit for several months. The successful completion of this task not only plays a positive role in the development of China's commercial low-orbit satellite communication and remote sensing integration technology but also signifies that China has the capability to build a low-cost, mass-produced, and networked satellite internet. Elite Electronic is honored to be part of Galaxy Space's rapidly advancing journey, securing a position in the low-orbit aerospace field, which is closely related to Galaxy Space's trust and recognition. [ Translation ]

In the future, both parties hope to regularly conduct technical exchanges on foundational, urgent, cutting-edge, and disruptive technologies and theories in their professional fields, actively promoting the transformation of achievements, and fostering mutual benefit and coordinated development. This will contribute to the development of the commercial aerospace industry system, achieve low-cost mass production in the field of low-orbit broadband satellites, and create a globally integrated satellite network. This network will provide users with low-cost, high-performance satellite network services and application solutions. [ Translation ]