Founded in 2019, The Aerospace of CAPS Satellite System Application and Development was jointly set up by Chinese Academy of Sciences (“CAS”) and leading groups in domestic aerospace areas. It is dedicated to construct the integrated R&D platform of aerospace science and technology exploration and aerospace carrier vehicles, as well as cultivate China’s first and international advanced army-civilian integrated business aerospace enterprise. Institute of Mechanics, Chinese Academy of Sciences represented Chinese Academy of Sciences to undertake the project of The Aerospace of CAPS Satellite System Application and Development and perform shareholder's responsibilities. Founded in 1956, Institute of Mechanics, Chinese Academy of Sciences was jointly established by the first generation of Chinese aerospace experts including Qian Xuesen, Qian Weichang, Guo Yonghuai and etc., and owns profound deposits and experience in basic study of aerospace. The company’s core team is from national launcher team with over 20 years’ experience in launcher development on average.