Aerospace Rainbow: plans to invest 100 million yuan in cash to establish a joint venture aviation power company.

Aerospace Rainbow announcement: The company plans to invest 100 million yuan in cash to establish a joint venture, Hangfa Tonghang Power Technology Co., Ltd., with a shareholding ratio of 2.8571%. This investment is aimed at seizing the strategic opportunity of the development of the national low-altitude economy industry, accelerating the construction of the drone industry chain, ensuring the supply guarantee of core power links, and creating a community of shared interests in key links of the industry chain.