USPACE Technology Group announced that the Group's first test satellite of Alya-1 Satellite Constellation for Brazil's Alya Satélite e Produção de Fotografias Aéreas Limitada successfully finished factory test and left the production line, which also represents the inaugural satellite's departure from the production line of USPACE. This marks a significant milestone for USPACE as it evolves from pioneering research and development to full-scale production and departure from the production line, laying a solid foundation for further expansion of its international aerospace business.

In October 2023, USPACE signed a US$675 million worth contract with Alya Space, with scope of services including manufacturing of 108 earth observation satellites for the Alya-1 Satellite Constellation. The test satellite's departure from the production line represents the first test satellite of the Alya-1 Satellite Constellation to be verified and is specifically engineered for partial technical validation of its functionalities. Upon successful verification, the Group will proceed with the manufacturing of the remaining 108 satellites, underscoring the global acknowledgment of USPACE's satellite manufacturing prowess and adherence to quality standards.

Alya Space has successfully registered the orbital frequency for its satellite constellation with the International Telecommunication Union (ITU), and the test satellite is scheduled for launch in the fourth quarter of 2024. Furthermore, the Group has supplied Alya Space with monitoring image data of the Amazon rainforest and will continue to provide long-term monitoring data for the Amazon region under the terms of the contract, thereby contributing to environmental conservation efforts.

USPACE's globalization strategy continues to make significant strides, including active advancement in the construction of the Abu Dhabi Space Eco City in the United Arab Emirates. Based in Dubai and Hong Kong, China, the Group has signed a master procurement agreement with the Asia-Pacific Space Cooperation Organization (APSCO). The Group also plans for a dual listing in the Middle East. Additionally, the Group has added Nathan Whigham, a prominent investor and financial expert known for his involvement with SpaceX, and Shaikh Mohammed Maktoum Juma Al-Maktoum, a member of the Dubai royal family, to its board of directors.

Ms. Aila, Chairwoman of Alya Space said, "We are highly satisfied with the test satellite manufactured by USPACE and the data monitoring services it provides. The test satellite's successful departure from production line marks a significant step forward in our satellite constellation project's development."

Mr. Sun Fengquan, Chairman and CEO of USPACE expressed, "We are pleased to collaborate with Alya Space to depart our first satellite from production line. We look forward to expanding our cooperation further and achieving mutual benefits."

In 2023, USPACE successfully completed the construction of Hong Kong's first satellite AIT center of approximately 20,000 square meters. With a parallel development capability of satellite for communication, navigation, remote sensing, and SAR, the AIT center can produce up to 200 satellites per year ranging from 10 to 1,000 kilograms.

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