Huace Navigation clears directors and executives of insider trading allegations

Shanghai Huace Navigation Technology Company Limited conducted a self-inspection into the trading activities of its shares by insiders during the six months prior to the disclosure of its 2025 Phase II Restricted Stock Incentive Plan. The period under review was from March 10, 2025, to September 10, 2025.

The investigation revealed that seven directors and senior management personnel had share movements, primarily due to the 2024 annual equity distribution and the vesting of previously granted restricted stock incentives from 2021 and 2023 plans. These movements occurred prior to the knowledge of the 2025 incentive plan, and the individuals involved were not beneficiaries of the current incentive plan. Additionally, three other insiders had share transactions during the self-inspection period, which were determined to be based on independent market judgment and personal capital arrangements, not insider information.

The company concluded that no insider utilized privileged information regarding the 2025 incentive plan for stock trading or leaked information leading to insider trading. All reviewed parties were found to be in compliance with the "Administrative Measures for Equity Incentives of Listed Companies" and other relevant regulations.