Chongqing Huapu Test Navigation Technology Co., Ltd. entered into a contract to acquire 52.95% stake in Chongqing Aerospace New Century Satellite Application Technology Co. Ltd. from Aerosun Corporation (SHSE:600501) for CNY 58.2 million on November 29, 2019. Chongqing Huapu Test Navigation Technology Co., Ltd. was the confirmed buyer through public bidding method at the China Beijing Equity Exchange. Chongqing Huapu Test Navigation Technology Co., Ltd. completed the acquisition of 52.95% stake in Chongqing Aerospace New Century Satellite Application Technology Co. Ltd. from Aerosun Corporation (SHSE:600501) on December 9, 2019. As of December 9, 2019, Chongqing Huapu Test Navigation Technology Co., Ltd. has already paid the initial payment of CNY 30 million. China Beijing Equity Exchange has already issued the state-owned assets transaction certificate.