Mr. Zhao Yanping and his concerted party, Shanghai Yahe Business Consulting Partnership (Limited Partnership), guarantee that the information provided to the company is true, accurate, complete, and free from false records, misleading statements, or significant omissions. The company and all members of the board guarantee that the announcement content is consistent with the information provided by the information disclosure obligor.
Special Reminder:
- The proposed change in shareholding method does not constitute an actual increase or decrease in holdings; it merely involves Mr. Zhao Yanping, the controlling shareholder and actual controller, transferring part of the shares he indirectly holds through Ningbo Shangyu Venture Capital Partnership (Limited Partnership) to be held directly by his concerted party, Shanghai Yahe. After the change, Mr. Zhao's equity shares will increase.
- The total number of shares directly and indirectly held by Mr. Zhao Yanping and his concerted parties will not change before and after the proposed change in shareholding method, and it does not involve increasing or decreasing shares in the market.
- The proposed change in shareholding method will not lead to a change in the company's controlling shareholder or actual controller and does not trigger a tender offer.
I. Basic Information on the Proposed Change in Shareholding Method and Equity Changes Shenzhen Huace Navigation Technology Co., Ltd. (hereinafter referred to as "the Company" or "Huace Navigation") recently received a notification from its controlling shareholder, Mr. Zhao Yanping, and his concerted party, Shanghai Yahe Business Consulting Partnership (Limited Partnership) (hereinafter referred to as "Shanghai Yahe"). Based on confidence in the company's future development prospects and strategic planning, as well as recognition of the company's value, Shanghai Yahe intends to acquire part of the shares of Huace Navigation indirectly held by Mr. Zhao through Ningbo Shangyu via a block trade. The total number of shares held directly and indirectly by Mr. Zhao and his concerted parties will remain unchanged, and the change will increase Mr. Zhao's equity shares. The relevant situation is announced as follows: