Beijing BDStar Navigation Co., Ltd. authorizes a Buyback Plan.

Beijing BDStar Navigation Co., Ltd is a China-based company, principally engaged in the research and development, manufacture and distribution of satellite navigation positioning products and other navigation products. Its main products include Global Navigation Satellite System (GNSS) chips, modules and board cards, navigation positioning antennas and microwave communication devices, among others. The Company is also engaged in the research and development, manufacture and distribution of automotive electronics and navigation products and automotive audio entertainment products, national defense equipment business, and industry application and operation services business. The Company conducts its businesses within domestic and overseas markets.