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Smart Digital Technology Taps Satellite Veteran Zhao Wei as Co-CEO

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Smart Digital Technology Taps Satellite Veteran Zhao Wei as Co-CEO

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The latest announcement is out from Starlight Culture Entertainment Group Limited ( (HK:1159) ).

Smart Digital Technology Group Limited has appointed Zhao Wei as Co-Chief Executive Officer, effective 7 May 2026, tasking him with leading the development and implementation of the group’s satellite operations and coordinating satellite teams to support its new satellite business. Zhao, a Tsinghua EMBA holder and experienced technology and capital markets professional with extensive satellite internet and low-altitude economy credentials, will serve under a renewable one-year employment agreement at a monthly salary of HK$60,000, underscoring the company’s push to accelerate growth and innovation in satellite-related services.

The appointment brings to the leadership bench a figure deeply involved in commercial satellite ecosystems and industrial strategy, signaling management’s intention to strengthen execution capabilities as it expands into integrated air-space-ground communication networks. For stakeholders, Zhao’s background in investment, project implementation and industry association roles suggests a more structured commercialization path for the satellite segment, which could enhance the group’s competitive positioning in emerging satellite and low-altitude economic infrastructure markets.

More about Starlight Culture Entertainment Group Limited

Smart Digital Technology Group Limited, listed in Hong Kong, operates in the technology sector with a strategic focus on satellite internet, low-altitude economy and commercial satellite applications. The group is building integrated air-space-ground communication networks, leveraging capital operations and industrial strategy to develop its new satellite business lines and related ecosystems.

Average Trading Volume: 175,960

Technical Sentiment Signal: Hold

Current Market Cap: HK$377.3M

For detailed information about 1159 stock, go to TipRanks’ Stock Analysis page.

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