On 3 April 2015, the application for IPO filed by Navtech INC. (“Navtech”) was passed and approved at the 26^th meeting of the Securities Public Offering Examination and Approval Committee for GEM of China Securities Regulatory Commission.

As established on 15 May 2008, Navtech has been engaging in the research, development, production and sale of inertial navigation system and satellite navigation products.  Its inertial navigation system has been widely used in the areas covering national defense, civil aviation, aerospace, navigation, aerial photo and etc.  Navtech has built a long-term cooperation with many famous satellite navigation terminal manufacturers, including South Surveying & Mapping Instrument Co., Ltd., Shanghai Huace, Beijing UniStrong Science & Technology Co., Ltd., and Guangzhou Hi-Target Navigation Tech Co., Ltd.  Its Beijing subsidiary has obtained the production license for weapon equipment and the registration certificate of equipment supplier, laying the foundation for Navtech in exploring and servicing the customers in the national defense.

Navtech intends to offer no more than 21 million shares so as to raise the funds for particular expansion project, technology research and development and other projects.

Grandall Shenzhen Office has been retained as the issuer’s counsel with Ms. TONG Xi and Ms. CHENG Jing as key lawyers servicing the case.