USPACE Technology Group Limited and Strata, wholly owned by Mubadala Investment Company (Mubadala), held their sixth working meeting in Hong Kong and visited the ASPACE Satellite Manufacturing Center

On April 24, 2024, USPACE Technology Group Limited and Strata, wholly owned by Mubadala Investment Company (Mubadala), held their sixth working meeting in Hong Kong. Mr. Sun Fengquan, Chairman of the Board of Directors of USPACE Technology Group Limited, warmly welcomed the delegation from Strata and engaged in friendly discussions. Both parties extensively deliberated on cooperation and preliminarily discussed a cooperation plan.

After the meeting, the delegation from Strata, wholly owned by Mubadala Investment Company (Mubadala), visited the ASPACE Satellite Manufacturing Center, gaining in-depth insight into the center's comprehensive debugging process and the progress in preparing for the manufacture of the first satellite. They expressed high appreciation for the capabilities and standards of ASPACE satellite manufacturing.

About Mubadala: UAE Mubadala Investment Company PJSC is one of the UAE government's primary investment arms, primarily engaged in operations, financial cooperation, and investment management. Its main investment areas include oil, gas, aerospace technology, energy industries, education, infrastructure and services, real estate development, and manufacturing, among others. With total assets under management reaching $276 billion (approximately RMB 2 trillion), it is the fifth-largest sovereign wealth fund in the Middle East.

About Strata: Strata is a wholly-owned subsidiary of UAE Mubadala Investment Company PJSC.