AutoNavi Holdings Limited Announces Shareholder Resolutions Adopted at 2011 Annual General Meeting

BEIJING, Dec. 16, 2011 (GLOBE NEWSWIRE) -- AutoNavi Holdings Limited ("AutoNavi" or the "Company") (Nasdaq:AMAP), a leading provider of digital map content and navigation and location-based solutions in China, today announced shareholder resolutions adopted at its annual general meeting of shareholders held in Hong Kong today.

AutoNavi's shareholders adopted the following resolutions proposed by the Company:

1. Amendment to Section 3.1(a) of the 2007 Share Incentive Plan, as amended, by replacing it with the following paragraph: "Subject to the provisions of Article 10 and Section 3.1(b), the maximum aggregate number of Shares which may be issued pursuant to all Awards (including Incentive Share Options) is 41,987,000 Shares."
    
2. Ratification of the appointment of Deloitte Touche Tohmatsu CPA Ltd. as the Company's independent auditor for the fiscal year ended December 31, 2011.
    
3. Authorization of each of the directors to take any and every action that might be necessary to effect the foregoing resolutions as such director, in his or her absolute discretion, thinks fit.

About AutoNavi Holdings Limited

AutoNavi Holdings Limited (Nasdaq:AMAP) is a leading provider of digital map content and navigation and location-based solutions in China. At the core of its business is a comprehensive nationwide digital map database that covers approximately 3.1 million kilometers of roadway and over 20 million points of interest across China. Through its digital map database and proprietary technology platform, AutoNavi provides comprehensive, integrated navigation and location-based solutions optimized for the Chinese market and users, including automotive navigation solutions, public sector and enterprise applications, mobile location-based solutions and Internet location-based solutions. For more information on AutoNavi, please visit http://www.autonavi.com.

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