Tianbing Technology established a company called Aerospace Technology Company in Jinan, with a registered capital of 200 million yuan.

According to the Qichacha APP, recently, Jinan Tianbing Aerospace Technology Co., Ltd. was established, with Kang Yonglai as the legal representative and a registered capital of 200 million yuan. Its business scope includes manufacturing of mechanical and electrical equipment, research and development of rocket launch equipment, research and development of rocket control systems, and research and development and manufacturing of rocket engines, etc. Qichacha's equity penetration display shows that the company is indirectly fully owned by Jiangsu Tianbing Aerospace Technology Co., Ltd.