North Navigation board approves new financial controller, key proposals

North Navigation Control Technology Co., Ltd. held its Eighth Board of Directors Ninth Meeting on December 25, 2025, with all nine directors present. The board unanimously approved the appointment of Tan Chen as the company's financial controller (person in charge of finance), effective immediately. This decision followed a nomination by general manager Hu Xiaojun and subsequent review by the audit and nomination committees. Tan Chen's term will coincide with the remainder of the Eighth Board of Directors.

Additionally, the board approved two key proposals: "Proposals on Daily Related Party Transactions" and "Proposals on Convening the First Extraordinary General Meeting of Shareholders in 2026." The daily related-party transactions proposal received five votes in favor, with four directors abstaining due to their related-party status. This proposal, previously endorsed by independent directors, will be submitted for approval at the 2024 Annual General Meeting of Shareholders.

Both the daily related-party transactions and the proposal to convene the 2026 First Extraordinary General Meeting of Shareholders were passed with 100% of effective votes in favor. Further details are available in announcements published on December 26, 2025, in the China Securities Journal, Shanghai Securities News, and on the Shanghai Stock Exchange website (www.sse.com.cn).