The Stock Exchange of Hong Kong Limited and the Securities and Futures Commission take no responsibility for the contents of this Application Proof, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this Application Proof. Application Proof of Rayson HI-TECH(SZ) Co., Ltd. 深圳市晶存科技股份有限公司 (A joint stock company incorporated in the People's Republic of China wi ...

Core Insights - Kratos Defense & Security Solutions, Inc. has partnered with hiSky to deliver satellite network services for Industrial Internet of Things (IoT) using Kratos' OpenSpace® software-defined ground system [1][2] - The global IoT market is projected to grow from US$277 billion in 2024 to US$606 billion by 2030, with satellite connectivity playing a significant role in this expansion [2] - The partnership aims to enhance IoT services through virtual and cloud-native network architectures, reducing costs and increasing scalability [2][3] Company Overview - Kratos Defense & Security Solutions focuses on technology, products, systems, and software for defense, national security, and commercial markets, emphasizing affordability and rapid development [7][8] - hiSky, established in 2015, provides satellite communication solutions, particularly for government and industrial IoT applications, with a focus on mid-range bitrates [5][6] - Both companies are leveraging modern software-defined networking principles to enhance satellite connectivity and operational efficiency [4][8] Technological Advancements - The OpenSpace platform by Kratos is the first commercially available fully orchestrated, software-defined ground system, aimed at transforming satellite ground systems [4] - hiSky's Smartellite™ terminals offer agile satellite IoT applications, and the partnership will enable virtualization of the hiSky hub within the OpenSpace platform [3][4] - The collaboration will allow satellite operators to quickly deploy new carriers on demand, enhancing flexibility and service speed without the need for additional hardware [3]