ComNav Technology Ltd.: Received the Administrative Supervision Measures Decision from the Shanghai Securities Regulatory Bureau

ComNav Technology Ltd. announced that the company recently received a decision from the Shanghai Securities Regulatory Commission regarding the "Order to Correct Measures Against Shanghai ComNav Technology Co., Ltd." The decision pointed out that the company has multiple issues in its disclosures, including failure to explain significant changes in assets and liabilities compared to the previous year, incorrect data on the permanent replenishment of over-raised funds, failure to disclose the payment of issuance expenses from over-raised funds, and inaccuracies in the disclosure of other equity instrument investments. The company should conduct a thorough self-examination and submit a written rectification report