The subsidiary of Addsino Co., Ltd. (000547.SZ), Hangtian Tianmu, increased its capital and expanded its shares through public listing.

Addsino Co., Ltd. (000547.SZ) announced that the board of directors has approved the proposal on the majority-owned subsidiary, China Aerospace Tianmu (Chongqing) Satellite Technology Co., Ltd., to increase its capital through public listing and introduce investors. China Aerospace Tianmu plans to increase its capital and introduce investors through a public listing. The company's subsidiary, Aerospace New Communication Technology Co., Ltd., has waived its priority subscription rights for this capital increase of China Aerospace Tianmu. The capital increase will be conducted through a public listing on the Shanghai United Property Exchange.