Ningbo Bird Satellite Technology Co., Ltd. was established in May 20 18, mainly engaged in the research and development, operation and maintenance of satellite communication systems, the research and development, manufacture, processing and wholesale of satellite equipment, and provided users with satellite broadband communication services and satellite Internet value-added services. The company transferred 0/00% equity of Shanghai Bird/KLOC-0, a wholly-owned subsidiary, to Bird Satellite, which was determined as RMB 165438 through negotiation between both parties.
Shares, representing part of the company's ownership, are divided into common shares, preferred shares and incomplete shares.