Recently, Zhuhai Tianqing Aerospace Technology Co., Ltd. (hereinafter referred to as "Tianqing Kongtian" or "the Company"), a direct-investment enterprise of the Venture Capital Group, has completed a Series A financing round of over RMB 100 million. This round of financing saw participation from institutions including Nanjing Innovation and Venture Capital Group, Sichuan Development, and CSC Financial, with follow-up investment from existing shareholder Luxin Wanneng. The funds raised in this round by Tianqing Kongtian will be used to recruit high-end industrial talents, promote the iterative upgrading of key technologies, accelerate the R&D of new-model projects, enhance the Company’s core technological capabilities in the aerospace and low-altitude economy fields, and expand its market layout.

Tianqing Kongtian is a high-tech enterprise in China engaged in the R&D and mass manufacturing of advanced unmanned flight platforms. Its product portfolio covers technology verification aircraft, reconnaissance-strike integrated fixed-wing UAVs (unmanned aerial vehicles), large unmanned logistics transport aircraft, attack swarm UAVs, compound-wing UAVs, aerospace vehicles, heavy multi-rotor UAVs, high-end target drones, unmanned combat aircraft, and flying cars. Currently, the Company has full industrial chain capabilities in R&D, mass production, and flight services for all types of UAVs with a maximum take-off weight of less than 7 tons, and its relevant R&D and production capabilities are at the leading level in China.

Mou Min, General Manager of the Second Investment Department of the Venture Capital Group, stated that the UAV industry is developing rapidly with strong certainty. Starting from technology verification aircraft, the Tianqing Kongtian team has developed a rich product line covering mainly military UAVs and industrial UAVs, with comprehensive R&D and mass production capabilities. Meanwhile, due to the industry’s typical characteristics of large market capacity and high technological barriers, the Company has stable customers. In addition, the Company is accelerating the R&D process of 2-ton and 6-ton payload large unmanned logistics transport aircraft products to enhance its core technologies in the aerospace and low-altitude economy fields and expand its market layout. In this round, the Venture Capital Group invested tens of millions of yuan in Tianqing Kongtian using funds under its management, including the Nanjing Aerospace Fund of Funds and Zijin Xinchuang Fund. This investment stems from the Group’s continued optimism about the Company’s future development and capital market prospects. Going forward, the Group will continue to support enterprises in the high-end aerospace and low-altitude economy fields represented by Tianqing Kongtian.