On the morning of October 28th, Zhejiang Jinggong Integrated Technology Co., Ltd. (referred to as "Jinggong Technology") Aerospace (Low altitude) Industry and Yiweite (Nanjing) Aviation Technology Co., Ltd. (referred to as "Yiweite") held a cooperation signing ceremony in Shaoxing.

Leaders including Ren Wenguang, founder and chairman of Yiweite, Zhao Jiwei, co-founder and general manager of Yiweite, Sun Guojun, chairman of Jinggong Technology, Li Aijun, president of Jinggong Technology, Jin Li, vice chairman of Jinggong Technology, and Chen Jianhua, senior vice president and general manager of the aerospace (low altitude) industry, attended and witnessed the signing ceremony.

At the beginning of the ceremony, Sun Guojun, Chairman of Jinggong Technology, welcomed the arrival of Ren Wenguang, Founder and Chairman of Yiweite, and his delegation, and delivered a speech. He stated that since the development of the Jinggong Technology brand, it has adhered to the original intention of serving the country with technology, followed the needs of the times, and accumulated the advantages of intelligent, systematic, industrialized, and large-scale equipment technology. The core team of Yiweite has profound experience in the research and development of manned aircraft, and looks forward to strong cooperation, complementary advantages, and sincere cooperation between the two sides to jointly promote the high-quality development of China's aerospace (low altitude) economy industry.

Ren Wenguang, founder and chairman of Yiweite, stated that Yiweite is committed to promoting the development of urban air traffic through technological innovation. This like-minded strategic cooperation is not only about complementing each other's strengths in their respective fields, but also about working together to create a new chapter of glory. Yiweite will undoubtedly join hands with Jinggong Technology to carry out practical, efficient, and deeply integrated full chain cooperation, injecting new vitality into the development of China's aerospace economy.

At the signing ceremony, Ren Wenguang, founder and chairman of Yiweite, and Chen Jianhua, senior vice president and general manager of Aerospace (Low altitude) Industry at Jinggong Technology, officially signed a cooperation agreement on behalf of both parties.

Currently, the low altitude economy is gaining momentum, and the industry is entering a period of explosive growth. eVTOL is also hailed as the next trillion dollar race track. We believe that the advanced air traffic (AAM) industry revolution represented by eVTOL has arrived, and new energy, new technologies, and intelligent general aviation equipment will soon be integrated into various fields of production and life.

Compete on new tracks and build new engines. The signing of this cooperation agreement marks a solid step for Jinggong Technology in expanding its presence in the aerospace economy. We firmly believe that by working hand in hand and starting from a "new" perspective, with aerospace serving the country as the guide, we will unleash unlimited potential, seize the opportunity, accelerate industry innovation and development, and contribute outstanding work to the high-quality development of China's aerospace (low altitude) economy industry.

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Yiweite (Nanjing) Aviation Technology Co., Ltd. was established in January 2022, focusing on the research and manufacturing of manned eVTOLs (electric vertical takeoff and landing vehicles), and committed to providing future air travel solutions for UAM (Urban Air Mobility).

Yiweite has industry-leading professional technical capabilities, achieving complete autonomy and controllability of core technologies including flight control, power systems, and servos. Within two years of its establishment, it has completed the final assembly and system testing of five four seat eVTOL prototypes.