Congratulations on the Listing of ComNav Technology Ltd.

ComNav Technology has been listed on the Shanghai Stock Exchange.

Shanghai, China - August 16, 2023 - ComNav Technology Ltd. made its initial public offering of stocks and officially listed on the Shanghai Stock Exchange's Science and Technology Innovation Board (stock abbreviation: ComNav Technology, stock code: 688592).

Company rooted in the GNSS high-precision positioning for more than a decade, adhering to an independent R&D strategy guided by market demand, maintaining high investment in the R& D of core technology. In the past three years, R&D investment has taken up over 20% of revenue. ComNav Technology holds more than 60 patents in the GNSS high-precision positioning field, has undertaken 6 major national BeiDou projects, and has participated in dozens of national and Shanghai-based high-precision satellite navigation research projects. Its sales network covers more than 120 countries and regions.

The listing of ComNav Technology solidifies its R&D foundation, promotes upgrades to related product technology, and further expands applications in emerging industries and global markets. ComNav Technology will take this opportunity to keep momentum, optimize operation, and improve development quality, and deliver exceptional performance to society and investors.

This highlight belongs to everyone and is a moment to celebrate together. Congratulate the successful listing of ComNav Technology and wish its stock a bright future, continuous growth, and boundless achievements!