Today marks the official founding of Shanghai Commercial Space Launch Technology Co., Ltd. (Sea-Based Operations), with Harman appointed as its legal representative and an impressive registered capital of 1.1 billion RMB. The company's diverse business scope encompasses a wide array of activities, including civil space launch technology services, research and development of rocket control systems, as well as the design, development, and production of rocket engines and launch equipment, along with specialized equipment design. Its shareholder base is comprised of five prominent state-owned enterprises: Shanghai Yuanxin Satellite Technology Co., Ltd., China Offshore Engineering Equipment Technology Development Co., Ltd., Commercial Rocket Co., Ltd. (a subsidiary of China Aerospace Science and Technology Corporation), Shanghai Xinzhuang Industrial Zone Economic and Technological Development Co., Ltd., and Shanghai Guosheng (Group) Co., Ltd. However, the specifics of the equity structure remain undisclosed at this time.