Zhitong Finance App News, Feiyada (000026.SZ) issued an announcement, and the board of directors of the company deliberated and passed the “Proposal on Establishing the Long-Term Space Division”. In order to speed up the business layout in emerging industries, the company decided to establish the Changkong Division to rely on the core technical capabilities of its wholly-owned subsidiary Shaanxi Changkong Gear Co., Ltd. in the field of small to medium modular gears and precision speed reducers to vigorously expand business fields such as aerospace, robotics, etc., and increase the business scale of emerging industries.

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