Huace Navigation: Director Wang Xiangzhong intends to transfer not more than 0.3306% of the company's shares through block trading.

Huace Navigation Announcement: The company's director and senior management Wang Xiangzhong holds 10.4949 million shares of the company, accounting for 1.3345% of the total share capital. Wang Xiangzhong plans to transfer no more than 2.6 million shares of the company to Guangfa Asset Management Shenxinli 72 Single Asset Management Plan through block trading within 3 months after 15 trading days from the date of this announcement, accounting for 0.3306% of the total share capital. This share transfer plan is an internal transfer between Mr. Wang Xiangzhong, director and vice president of the company, and his concerted parties, and does not involve market reduction, tender offer, or change in the company's controlling shareholder and actual controller.