Shengyang Technology: Subsidiary FTA signs cooperation agreement with one of the world's largest satellite companies for South America project.

An investor asked Shengyang Technology whether the recent signing of an order with the largest satellite company in South America is true or not. Shengyang Technology stated on the interactive platform that, regarding the cooperation agreement between the company's subsidiary FTA and a global top satellite company for the South American project, the specific name of the partner is currently not public due to commercial confidentiality agreements. It can be further elaborated that the partner is a top satellite company headquartered in Europe with the capability of deploying high, medium, and low orbit full orbit satellite networks. Currently, the cooperation has entered the preliminary implementation stage of the contract, and the company will strictly follow the customer's technical standards and project requirements to promote the research and development and product delivery of customized technological solutions.