On May 13, 2019, Shaanxi Investment Emerging Industries Development Co., Ltd. (hereinafter referred to as "Shaanxi Investment Emerging") and Shaanxi Tianyi Antenna Co., Ltd. (hereinafter referred to as "Tianyi Antenna") co-signed a ceremony in Shaanxi Xi'an Hi-tech Zone, Shaanxi Investment Emerging Company, and the two sides successfully signed an agreement of 100 million yuan equity transfer and capital increase and share expansion.
The Tianyi antenna is a solid step for the company to actively explore the development path of civil-military integration and take in the field of civil-military integration investment. It is also a successful capital operation for Shaanxi Investment Group to play its capital advantage and foster the role of the basic platform for the development of emerging industries. The start of this cooperation will lay a good foundation for Shaanxi Investment Group to build a new section of civil-military integration industry development.
This cooperation will boost the rapid and stable development of Tianyi antenna in the benchmark enterprises of "Civil Participation Army". It will continuously enhance the popularity of Tianyi antenna in the military and civilian markets, and expand the production capacity and output value of carbon fiber composite and satellite antenna. In line with the cooperative concept of "sharing resources, complementing advantages, standardizing management and accelerating development", the two sides will combine product management with capital management, expand and strengthen main business, enhance comprehensive competitiveness, and commit themselves to public offering and listing, so as to contribute to the development of industry and local economy.
