Official Statement to Customers and Business Partners

Dear Valued Customers and Business Partners,

ComNav Technology Ltd. (hereinafter referred to as "the Company") has recently become aware that it has been included on a sanctions-related list published by the UK Foreign, Commonwealth & Development Office (FCDO). To provide our customers and business partners with clear and accurate information regarding this matter, we would like to outline our current understanding of the situation, our compliance framework, and the actions we are taking in response.

I.Background

ComNav Technology Ltd. is a technology enterprise specializing in high-precision GNSS products and solutions. Since its establishment, the Company has supplied high-precision GNSS chips, modules, receivers, and related products to customers worldwide. These products are primarily designed and marketed for civilian and commercial applications, including surveying and mapping, transportation, robotics, unmanned systems, and other industrial sectors.

The Company continuously monitors developments in the international trade environment and is committed to complying with applicable export control requirements and other relevant laws and regulations. In recent years, the Company has continued to strengthen its internal compliance framework through enhanced customer screening, end-use controls, and risk assessment procedures to support the sustainable development of its international business. The Company remains committed to conducting its business in a prudent, transparent, and responsible manner.

The Company takes its inclusion on the relevant FCDO list seriously. Based on the information currently available to the public, the Company understands that the decision was made by the relevant UK authorities in accordance with their assessment of the information available to them. The Company is currently seeking further information regarding the background to and basis for the decision. It has initiated an internal review and is engaging with relevant parties through appropriate channels to further clarify the relevant circumstances.

As of the date of this statement, the Company has not received any formal determination from the relevant UK authorities identifying any specific transaction, product, or conduct as constituting a violation of applicable laws or regulations. Accordingly, the Company's ongoing review and engagement efforts should not be interpreted as an admission of liability, wrongdoing, or non-compliance.

II. Product Distribution and Compliance Management

1. Product Applications and Intended Use

The Company's products are developed and supplied primarily for civilian and commercial applications. The Company continuously reviews and updates its compliance practices in line with evolving legal and regulatory requirements.

2. Customer Management and Distribution Controls

The Company's products are distributed through domestic sales channels and a global network of authorized agents and distributors. The Company develops and supplies products for civilian and commercial applications and does not engage in research, manufacturing, or commercial activities intended to support military end uses. The Company applies a risk-based approach to customer due diligence and transaction review as part of its ongoing compliance program.

Based on the Company's review to date, no circumstances have been identified indicating intentional non-compliance with applicable regulatory requirements or the deliberate facilitation of unauthorized third-party use of its products. Recognizing the complexity of global supply chains and downstream distribution channels, the Company will continue to assess and strengthen its compliance and oversight measures where appropriate.

3. Contractual Compliance and End-Use Management

Where appropriate, the Company includes compliance-related provisions and end-use requirements in its commercial agreements and business arrangements. The Company expects its customers and business partners to comply with applicable laws, regulations, and the relevant contractual obligations.

III. Ongoing Compliance Commitment

The Company is committed to compliance with applicable laws and regulations and continues to strengthen its export compliance framework, including but not limited to the following:

1. The Company does not engage in business activities intended to support military applications or to violate applicable laws and regulations;

2. The Company continues to enhance its customer screening, end-use review, and internal control procedures;

3. The Company continues to invest in and improve its export compliance management system and implements necessary enhancements based on risk assessments;

4. Where appropriate, the Company maintains constructive engagement with regulatory authorities, customers, and business partners.

IV. Company's Position and Next Steps

1. The Company is currently assessing the potential impact of its inclusion on the relevant UK list and will take appropriate steps to safeguard its legitimate rights and interests following a comprehensive evaluation.

2. The Company has initiated internal reviews and obtained external legal counsel to further assess the situation and will refine its compliance framework based on the findings of such reviews.

3. The Company will continue to monitor relevant regulatory developments and provide updates to its business partners where necessary.

4. The Company reserves its rights under applicable laws and regulations to provide explanations, engage in communications, and seek appropriate remedies through administrative, legal, or other appropriate channels.

V.Information for Business Partners

As of the date of this statement, the Company's operations, production activities, and customer service functions continue to operate in the normal course of business.

The Company is continuously assessing the potential impact of this matter on its business arrangements across different jurisdictions. Where adjustments are required due to applicable legal or regulatory requirements, the Company will maintain timely communication with relevant partners and work collaboratively to implement appropriate arrangements.

This statement is provided for informational purposes only and reflects the Company's current understanding of the matter. It does not constitute an admission, confirmation, or determination of any fact, liability, or legal conclusion. The Company may supplement, update, or revise this statement as new facts, regulatory developments, or assessment outcomes become available.

We sincerely thank our customers and business partners for their continued understanding, trust, and support.

Should you have any questions regarding this matter, please feel free to contact us at any time.

Sincerely,

Comnav Technology Ltd.

June 26, 2026