CHC Navigation announces 2023 Half-Year Performance Estimate

Shanghai, China – July 16, 2023 - CHC Navigation | CHCNAV [Huace:300627.SZ] has announced the 2023 half-year performance estimate for the period from January 1, 2023 to June 30, 2023.

Executive Statement on 2023 Half-Year Estimates

During the period under review, both net profit attributable to shareholders of the Company and net profit attributable to shareholders of the Company excluding non-recurring gains and losses increased rapidly compared to the same period of the previous year, mainly as a result of the following factors:

1. The Company has actively expanded its industry applications, strengthened its brand influence, and achieved steady revenue growth in related businesses such as geospatial information, resources and public utilities, robotics, and autonomous driving.

2. The Company has continued to increase investment in R&D, build its core technical platforms, and enhance the competitiveness of its products, which has enabled the Company to rapidly expand its business in various industries.

Disclaimer and Caution

The 2023 half-year results estimate contained in this press release is only a preliminary estimate by the Company's Finance Department and reflects the Company's position as of the date of this release. For final financial information, please refer to the 2023 half-year report, which will be duly published by the Company. Investors are advised to exercise caution when making investment decisions.

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About CHCNAV

CHC Navigation (CHCNAV) creates innovative navigation and positioning solutions to make customers' operations more efficient. CHCNAV products and solutions cover a wide range of industries, including geospatial, construction, agriculture, marine, and more. With a global presence, distributors in more than 120 countries, and more than 1,700 employees, CHC Navigation is recognized today as one of the fastest-growing companies in geomatics technologies.