Securities Code: 300627 Securities Abbreviation: Huace Navigation Announcement No.: 2026-060 Shanghai Huace Navigation Technology Co., Ltd. Announcement on the First Tranche of Restricted Stock Incentive Plan's Vesting and Listing The company and all members of the board of directors guarantee the content of the information disclosure is true, accurate, and complete, and there are no false records, misleading statements, or major omissions. Key Information Prompt: ● A total of 24 eligible grantees meet the conditions for vesting this time. ● Number of shares to be vested: The number of shares to be vested and listed this time is 841,638 shares, accounting for 0.1062% of the company's current total share capital. ● Listing date for the restricted shares to be vested this time: June 24, 2026. Note 1: The "total share capital" referred to in this announcement is the number of shares as of June 16, 2026, which is 792,520,262 shares. Shanghai Huace Navigation Technology Co., Ltd. (hereinafter referred to as the "Company") held the 29th meeting of the Fourth Board of Directors on June 11, 2026, and deliberated and approved the proposal on "The First Tranche of Restricted Stock Incentive Plan's Vesting Conditions Met." The board of directors believes that the vesting conditions for the first tranche of the 2025 Restricted Stock Incentive Plan (hereinafter referred to as the "Incentive Plan") have been met. It is agreed to handle the vesting of 841,638 restricted shares for 24 eligible grantees in accordance with regulations. Based on the authorization from the first extraordinary general meeting of shareholders in 2025, the company will handle the vesting of the portion of restricted shares granted that meets the vesting conditions. The relevant matters are hereby explained as follows: I. Approval Procedures for the 2025 First Tranche Restricted Stock Incentive Plan
- On March 11, 2025, the company held the 12th meeting of the Fourth Board of Directors, which deliberated and approved the proposals on "The 2025 First Tranche Restricted Stock Incentive Plan (Draft) and its Summary," "The 2025 First Tranche Restricted Stock Incentive Plan Performance Assessment and Management Measures," and "Proposal to Authorize the General Meeting of Shareholders to Authorize the Board of Directors to Handle Matters Related to the 2025 First Tranche Restricted Stock Incentive Plan." The Remuneration and Assessment Committee of the Board of Directors reviewed and approved the relevant proposals. On the same day, the company held the 12th meeting of the Fourth Supervisory Board, which deliberated and approved the proposals on "The 2025 First Tranche Restricted Stock Incentive Plan (Draft) and its Summary," "The 2025 First Tranche Restricted Stock Incentive Plan Performance Assessment and Management Measures," and "Verification of the List of Grantees for the 2025 First Tranche Restricted Stock Incentive Plan."
- On March 12, 2025, the company disclosed on the Giant Information Network (www.cninfo.com.cn) the "Announcement on Solicitation of Voting Rights by Independent Directors of Shanghai Huace Navigation Technology Co., Ltd." (Announcement No.: 2025-008). Based on the entrustment of other independent directors, Ms. Huang Juan, an independent director, acted as the solicitor to solicit voting rights from all shareholders for the proposals related to the company's 2025 First Tranche Restricted Stock Incentive Plan to be deliberated at the first extraordinary general meeting of shareholders on March 31, 2025.
- From March 12 to March 21, 2025, the company publicly announced the names and positions of the proposed grantees of the incentive plan internally. By the end of the announcement period, the company's supervisory board had not received any objections to the proposed grantees of the incentive plan. On March 24, 2025, the company disclosed on the Giant Information Network the "Explanation of the Public Announcement and Audit Opinion of the Supervisory Board of Shanghai Huace Navigation Technology Co., Ltd. on the List of Grantees for the 2025 First Tranche Restricted Stock Incentive Plan" (Announcement No.: 2025-010).
- On March 31, 2025, the company held the first extraordinary general meeting of shareholders in 2025, which deliberated and approved the proposals on "The 2025 First Tranche Restricted Stock Incentive Plan (Draft) and its Summary," "The 2025 First Tranche Restricted Stock Incentive Plan Performance Assessment and Managem