Xinyu Guoke Tech's Controlling Shareholder Plans to Reduce Stake in the Company

Jiangxi Xinyu Guoke Technology Co Ltd is a company engaged in research and development, production and sales of pyrotechnics and related products. The Company has two types of products which are military pyrotechnics and civilian pyrotechnics. The military pyrotechnical products include pyrotechnic components, such as detonators and booster tubes, and pyrotechnic devices, such as pushers and pin pullers. The products are used in weapons and equipment of the army, navy, air force and public security. The civil pyrotechnical products include artificial weather influencing equipment and meteorological equipment, such as artificial hail-prevention and rain-enhancing rockets, rocket launching systems, and precipitation phenomenon instruments.