The firm foresees substantial economic benefits from its entry into the aerospace sector

HONG KONG, Feb. 10, 2022 (HKATG PR) — Hong Kong Aerospace Technology Group, Ltd. (HK: 1725) (HKATG), a leading aerospace firm traded on the Hong Kong stock exchange (HKEx) announced that its wholly owned subsidiary Gang Hang Ke (Shenzhen) Space Technology (“SZ Gang Hang Ke”) has entered into a second satellite launch service confirmation agreement with China Great Wall Industry Corporation (CGWIC), a state-owned enterprise in Mainland China.

Under the agreement, SZ Gang Hang Ke is tentatively scheduled to launch the two satellites, Golden Bauhinia Satellite No. 3 and Golden Bauhinia Satellite No. 4, in July of this year. The continued launching of satellites is expected to speed up the timetable for the completion the Golden Bauhinia Constellation project as well as enhance the operations of the smart city in the process of being rolled out in the Guangdong-Hong Kong-Macau Greater Bay Area (GBA). HKATG plans to launch 25 satellites in 2022.