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Congratulations on the Listing of ComNav Technology Ltd. on the STAR Market of Shanghai Stock Exchange

ComNav Technology

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).

Ringing the Bell of Listing, Garnering Significant Attention

On the morning of the 16th, the listing bell ceremony of ComNav Technology was grandly held at the Shanghai Stock Exchange. Many dignitaries, including leaders from various levels of the Shanghai municipal government, partners, intermediary organizations, external shareholders' representatives, employee shareholders' representatives, outstanding employee representatives, and more, gathered to witness this momentous occasion together.

Group picture

Guests attending the event: Mr. Lu Fangzhou, Secretary of Jiading District Party Committee of Shanghai; Dr. Wang Yongquan, Chairman of ComNav Technology Ltd.; Mr. Lou Zhiqiang, Deputy Director of Shanghai Industrial Collaborative Innovation Leading Group Office; Mr. Li Feng, Deputy Head of Jiading District People's Government of Shanghai; Mrs. Zhou Meiying, deputy Chairman of Xuhui District Committee of Jiusan Society; Mr. Xiong Leiming, president of Minsheng Securities Co. Ltd. ; Mr. Zhan Xingqun, Deputy Dean, School of Aeronautics and Astronautics, Shanghai Jiao Tong University; Mr. Liu Wei, General Manager of SDIC Fund Management Co., LTD.; Mr. Jiang Xin, General Manager of Space-time Information Department, China Mobile Shanghai Research Institute; Mr. Wang Chang, General Manager of ComNav Technology Ltd.; Mr. Lu Xinghai, Secretary-General of Shanghai Satellite Navigation and Positioning Industry Technology Innovation Strategic Alliance; Mr. Ma Ran, Vice President of Guangzhou South Surveying and Mapping Technology Co., Ltd. ; Mr. Liu Ruopu, Deputy general manager of ComNav Technology Ltd..; Mr. Mohamed Sabry Mohamed Hassan, General Manager of Orbits Engineering Est (Saudi Arabia) ; Mr. Ren Dakai, Director of Xiongan New Area Digital Transportation Laboratory; Mr. Zhao Yongmao, Chief engineer of Beijing Compass Beidou Technology Co., Ltd.

Speech by Dr. Wang Yongquan, BoD Chairman of ComNav Technology

In the speech, Dr. Wang Yongquan, BoD Chairman of ComNav Technology stated, ComNav Technology has made its initial public offering of A-shares and is officially listed on the Shanghai Stock Exchange's Science and Technology Innovation Board. It is a tribute to the rapid development of Beidou Navigation Satellite System, numerous technological breakthroughs, and the unwavering courage that is bestowed upon dreamers during these times of great change. He thanked the governments for their support in successfully listing ComNav Technology and expressed gratitude to the partners for their trust.

As an innovative company established in Shanghai in 2012, ComNav Technology has been deeply rooted there. Riding the tide of the country's development strategy for emerging industries, it adheres to the mission of "High Precision Positioning Empowers A Digital Era," conducts crucial research on core technologies and vigorously expands GNSS applications to surveying and mapping, deformation monitoring, and precision agriculture and other fields. 

Looking into the future, we are filled with confidence and a sense of great responsibility. ComNav Technology will continue the research and development of core technology, enhance core competitiveness, leverage the vast platform of the Shanghai Stock Exchange, and strive to become a leading enterprise in China's advanced satellite navigation industry.

Speech by Mr. Xiong Leiming, President of Minsheng Securities Co., Ltd.

Mr. Xiong Leiming, president of Minsheng Securities Co., LTD., said in his speech that since its establishment in 2012, ComNav Technology has deeply cultivated in the GNSS high-precision positioning, made excellent technical achievements, and obtained high-quality customer groups and good business performance. They are honored to be able to serve such an excellent company, and full of expectations for the future of ComNav Technology. Today's successful listing will be an important milestone in the development of ComNav Technology, which not only opens a new journey of comprehensive and healthy development, but also brings new investment opportunities to the majority of investors and adds new vitality to the capital market.

Speech by Mr. Li Feng, Deputy Head of Jiading District People's Government of Shanghai

Mr. Li Feng, Deputy Head of Jiading District People's Government of Shanghai, delivered a speech "On behalf of the Office of the Leading Group for Industrial Synergy and Innovation of Shanghai Municipality, I extend warm congratulations to ComNav Technology! I sincerely thank everyone seated who has always cared about and supported Shanghai's spatial information industry."

As a shining pearl in the spatial information industry, under the leadership of Dr. Wang Yongquan, BoD Chairman, and Mr. Wang Chang, General Manager, ComNav Technology has seized the significant opportunities for the integration of the digital economy and aerospace information development, closely aligned with social needs, expanded application scenarios, conducted crucial research on core technologies in key areas, and continuously enhanced product competitiveness. After 11 years of efforts, ComNav Technology has transformed from small to large, from weak to strong, continuously driving industrial development. The listing of ComNav Technology is not only an honor for the company itself, but also an honor for the city, for Shanghai. It is hoped that ComNav Technology can take this opportunity to innovate, enhance its core competitiveness comprehensively, excel in its main business, and deliver outstanding results to its shareholders.

Signing of listing agreement

Dr. Wang Yongquan signed the listing agreement with Shanghai Stock Exchange. Mr. Fu Hao, Deputy director of the Global Business Development Committee and Director of Market Development Department, extended warm congratulations to the listing of ComNav Technology.

Bell Ringing Ceremony

Mr. Lu Fangzhou, Dr. Wang Yongquan, Mr. Lou Zhiqiang, Mr. Xiong Leiming, Mr. Wang Chang, and Mr. Ma Ran rang the openning bell of ComNav Technology. This gong opens a new chapter in the development history of ComNav Technology, marking that the company will showcase in the Chinese capital market.

ComNav STAR, Precise Navigation

On the evening of August 15, 2023, ComNav Technology held a listing party with the theme of "ComNav STAR, Precise Navigation" and announced the official launch of the listing ceremony.

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!

About ComNav Technology

ComNav Technology develops and manufactures GNSS OEM boards and receivers for high precision positioning demanded applications. Its technology already been used in a wide range of applications such as surveying, construction, machine control, agriculture, intelligent transportation, precise timing, deformation monitoring, unmanned system. With a team dedicated for the GNSS technology, ComNav Technology is trying its best to supply reliable and competitive products to worldwide customers. ComNav Technology has been listed on the Shanghai Stock Exchange (Science and Technology Board), securities :ComNav Technology (Compass Navigation), Stock code: 688592.

About SinoGNSS®

SinoGNSS® is the official trademark of ComNav Technology Ltd., registered in People's Republic of China, EU, USA and Canada. All other trademarks are the property of their respective owners.

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