<SEC-DOCUMENT>0001698060-20-000003.txt : 20200214
<SEC-HEADER>0001698060-20-000003.hdr.sgml : 20200214
<ACCEPTANCE-DATETIME>20200214130634
ACCESSION NUMBER:		0001698060-20-000003
CONFORMED SUBMISSION TYPE:	SC 13G
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20200214
DATE AS OF CHANGE:		20200214
GROUP MEMBERS:		BO LEILEI SHAN
GROUP MEMBERS:		GOBI CAPITAL LLC

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Ituran Location & Control Ltd.
		CENTRAL INDEX KEY:			0001337117
		STANDARD INDUSTRIAL CLASSIFICATION:	WHOLESALE-ELECTRONIC PARTS & EQUIPMENT, NEC [5065]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			L3
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-81196
		FILM NUMBER:		20617220

	BUSINESS ADDRESS:	
		STREET 1:		3 HASHIKMA STREET
		CITY:			AZOOR
		STATE:			L3
		ZIP:			58001
		BUSINESS PHONE:		972-3-557-1333

	MAIL ADDRESS:	
		STREET 1:		3 HASHIKMA STREET
		CITY:			AZOOR
		STATE:			L3
		ZIP:			58001

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GOBI CAPITAL LLC
		CENTRAL INDEX KEY:			0001698060
		IRS NUMBER:				270710158
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G

	BUSINESS ADDRESS:	
		STREET 1:		909 MONTGOMERY STREET, SUITE 400
		CITY:			SAN FRANCISCO
		STATE:			CA
		ZIP:			94133
		BUSINESS PHONE:		415-288-7288

	MAIL ADDRESS:	
		STREET 1:		909 MONTGOMERY STREET, SUITE 400
		CITY:			SAN FRANCISCO
		STATE:			CA
		ZIP:			94133
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13G
<SEQUENCE>1
<FILENAME>itrngobicapital.htm
<DESCRIPTION>FORM 13G
<TEXT>
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<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 12pt; margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Black 2pt solid; border-bottom: Black 1pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

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<P STYLE="font: 9pt Times New Roman,serif; text-align: center; margin-right: 0; margin-left: 0"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
Washington, D.C. 20549</B></P>

<P STYLE="font: 9pt Times New Roman,serif; text-align: center; margin-right: 0; margin-left: 0"><B>SCHEDULE 13G</B></P>

<P STYLE="font: 9pt Times New Roman,serif; text-align: center; margin-right: 0; margin-left: 0"><B>Under the Securities Exchange
Act of 1934<BR>
(Amendment No. __)*</B></P>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0; text-align: center; border-bottom: black 0.75pt solid"><B>Ituran Location
and Control Ltd.</B></P>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0; text-align: center">(Name of Issuer)</P>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0; text-align: center; border-bottom: black 0.75pt solid"><B>Ordinary Shares,
Par Value NIS 0.33 1/3&nbsp;Per Share</B></P>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0; text-align: center">(Title of Class of Securities)</P>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0; text-align: center; border-bottom: black 0.75pt solid"><B>M6158M104</B></P>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0; text-align: center">(CUSIP Number)</P>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0; text-align: center; border-bottom: black 0.75pt solid"><B>December 31, 2019</B></P>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0; text-align: center">(Date of Event which Requires Filing of this Statement)</P>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman,serif; margin-right: 0; margin-left: 0">Check the appropriate box to designate the rule pursuant
to which this Schedule is filed:</P>

<P STYLE="font: 9pt Times New Roman,serif; margin-right: 0; margin-left: 0"><FONT STYLE="font-family: &#9744">&#9745;</FONT>&nbsp;&nbsp;
Rule 13d-1(b)</P>

<P STYLE="font: 9pt Times New Roman,serif; margin-right: 0; margin-left: 0"><FONT STYLE="font-family: &#9744">&#9744;</FONT>&nbsp;
&nbsp;Rule 13d-1(c)</P>

<P STYLE="font: 9pt Times New Roman,serif; margin-right: 0; margin-left: 0"><FONT STYLE="font-family: &#9744">&#9744;</FONT>&nbsp;&nbsp;
Rule 13d-1(d)</P>



<P STYLE="font: 9pt Times New Roman,serif; margin-right: 0; margin-left: 0"></P>

<P STYLE="font: 9pt Times New Roman,serif; text-align: justify; margin-right: 0; margin-left: 0"><SUP>*</SUP> The remainder of
this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities,
and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.</P>

<P STYLE="font: 9pt Times New Roman,serif; text-align: justify; margin-right: 0; margin-left: 0">The information required on the
remainder of this cover page shall not be deemed to be &quot;filed&quot; for the purpose of Section 18 of the Securities Exchange
Act of 1934 (&quot;Act&quot;) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other
provisions of the Act (however, see the Notes).</P>

<P STYLE="font: 9pt Times New Roman,serif; text-align: justify; margin-right: 0; margin-left: 0"></P>

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    <TD STYLE="width: 34%; border-top: Black 1.5pt solid; font: 11pt Calibri,sans-serif"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">CUSIP No. M6158M104</FONT></TD>
    <TD STYLE="width: 33%; border-top: Black 1.5pt solid; font: 11pt Calibri,sans-serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">13G</FONT></TD>
    <TD STYLE="width: 33%; border-top: Black 1.5pt solid; font: 11pt Calibri,sans-serif; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">Page 2 of 10</FONT></TD></TR>
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<P STYLE="font: 9pt Times New Roman,serif; margin: 0 0 8pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">1.</FONT></TD>
    <TD COLSPAN="3" STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">NAMES OF REPORTING PERSONS</FONT><BR>
<BR>
<FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt"><B>Gobi Capital LLC</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">2.</FONT></TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP</FONT><BR>
<FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">(see instructions)</FONT><BR>
<FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">(a)&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-family: Wingdings; font-size: 9pt">o</FONT> <FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt"><BR>
<FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">(b)&nbsp;&nbsp;&nbsp;&nbsp;</FONT></FONT><FONT STYLE="font-family: Wingdings; font-size: 9pt">o</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">3.</FONT></TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">SEC USE ONLY</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">4.</FONT></TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">CITIZENSHIP OR PLACE OF ORGANIZATION</FONT><BR>
<FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">&nbsp;</FONT><BR>
<FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt"><B>Delaware</B></FONT></TD></TR>
<TR>
    <TD COLSPAN="2" ROWSPAN="4" STYLE="border-bottom: Black 1pt solid; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">5.</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">SOLE VOTING POWER</FONT><BR>
<FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">&nbsp;</FONT><BR>
<FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt"><B>0</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">6.</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">SHARED VOTING POWER</FONT><BR>
<FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">&nbsp;</FONT><BR>
<FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt"><B>1,456,192</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">7.</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">SOLE DISPOSITIVE POWER</FONT><BR>
<FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">&nbsp;</FONT><BR>
<FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt"><B>0</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">8.</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">SHARED DISPOSITIVE POWER</FONT><BR>
<FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">&nbsp;</FONT><BR>
<FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt"><B>1,456,192</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">9.</FONT></TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON </FONT><BR>
<BR>
<FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt"><B>1,456,192</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">10.</FONT></TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES</FONT><BR>
<FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">(see instructions)&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-family: Wingdings; font-size: 9pt">o</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">11.</FONT></TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) </FONT><BR>
<BR>
<FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt"><B>6.2%</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">12.</FONT></TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">TYPE OF REPORTING PERSON (see instructions) </FONT><BR>
<BR>
<FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt"><B>IA</B></FONT></TD></TR>
<TR>
    <TD STYLE="width: 7%">&nbsp;</TD>
    <TD STYLE="width: 10%">&nbsp;</TD>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 80%">&nbsp;</TD></TR>
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    <TD STYLE="width: 34%; border-top: Black 1.5pt solid; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">CUSIP No. M6158M104</FONT></TD>
    <TD STYLE="width: 33%; border-top: Black 1.5pt solid; font-family: Calibri,sans-serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">13G</FONT></TD>
    <TD STYLE="width: 33%; border-top: Black 1.5pt solid; font-family: Calibri,sans-serif; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">Page 3 of 10</FONT></TD></TR>
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<P STYLE="font: 9pt Times New Roman,serif; margin: 0 0 8pt">&nbsp;</P>

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    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">1.</FONT></TD>
    <TD COLSPAN="3" STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">NAMES OF REPORTING PERSONS</FONT><BR>
<BR>
<FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt"><B>Bo Shan</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">2.</FONT></TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP</FONT><BR>
<FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">(see instructions)</FONT><BR>
<FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">(a)&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-family: Wingdings; font-size: 9pt">o</FONT> <FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt"><BR>
<FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">(b)&nbsp;&nbsp;&nbsp;&nbsp;</FONT></FONT><FONT STYLE="font-family: Wingdings; font-size: 9pt">o</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">3.</FONT></TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">SEC USE ONLY</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">4.</FONT></TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">CITIZENSHIP OR PLACE OF ORGANIZATION</FONT><BR>
<FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">&nbsp;</FONT><BR>
<FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt"><B>United States</B></FONT></TD></TR>
<TR>
    <TD COLSPAN="2" ROWSPAN="4" STYLE="border-bottom: Black 1pt solid; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">5.</FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: Black 1pt solid; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">SOLE VOTING POWER</FONT><BR>
<FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">&nbsp;</FONT><BR>
<FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt"><B>0</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">6.</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">SHARED VOTING POWER</FONT><BR>
<FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">&nbsp;</FONT><BR>
<FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt"><B>1,456,192</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">7.</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">SOLE DISPOSITIVE POWER</FONT><BR>
<FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">&nbsp;</FONT><BR>
<FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt"><B>0</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">8.</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">SHARED DISPOSITIVE POWER</FONT><BR>
<FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">&nbsp;</FONT><BR>
<FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt"><B>1,456,192</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">9.</FONT></TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON </FONT><BR>
<BR>
<FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt"><B>1,456,192</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">10.</FONT></TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES</FONT><BR>
<FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">(see instructions)&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT STYLE="font-family: Wingdings; font-size: 9pt">o</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">11.</FONT></TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) </FONT><BR>
<BR>
<FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt"><B>6.2%</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">12.</FONT></TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 1pt solid; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">TYPE OF REPORTING PERSON (see instructions) </FONT><BR>
<BR>
<FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt"><B>IN</B></FONT></TD></TR>
<TR>
    <TD STYLE="width: 7%">&nbsp;</TD>
    <TD STYLE="width: 10%">&nbsp;</TD>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 80%">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 9pt Times New Roman,serif; margin: 0 0 8pt">&nbsp;</P>

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<P STYLE="font: 9pt Times New Roman,serif; margin: 0 0 8pt">&nbsp;</P>

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    <TD STYLE="width: 34%; border-top: Black 1.5pt solid; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">CUSIP No. M6158M104</FONT></TD>
    <TD STYLE="width: 33%; border-top: Black 1.5pt solid; font-family: Calibri,sans-serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">13G</FONT></TD>
    <TD STYLE="width: 33%; border-top: Black 1.5pt solid; font-family: Calibri,sans-serif; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">Page 4 of 10</FONT></TD></TR>
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<P STYLE="font: 9pt Times New Roman,serif; margin: 0 0 8pt; text-align: justify"><B>Item 1.</B></P>

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<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">(a)</TD><TD STYLE="text-align: justify">Name of Issuer</TD></TR></TABLE>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0 0 0 0.5in; text-align: justify"><B>Ituran Location and Control Ltd.</B></P>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0 0 8pt 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 9pt Times New Roman,serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">(b)</TD><TD STYLE="text-align: justify">Address of Issuer&rsquo;s Principal Executive Offices</TD></TR></TABLE>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0 0 8pt 0.5in; text-align: justify"><B>3 Hashikma Street, Azour, Israel</B></P>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0 0 8pt; text-align: justify"><B>Item 2.</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 9pt Times New Roman,serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">(a)</TD><TD STYLE="text-align: justify">Name of Person Filing</TD></TR></TABLE>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0 0 0 0.5in; text-align: justify"><B>Gobi Capital LLC (&ldquo;Gobi&rdquo;) and
Bo Shan (&ldquo;Shan&rdquo; and together with Gobi, the &ldquo;Reporting Persons&rdquo;)</B></P>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0 0 8pt 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 9pt Times New Roman,serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">(b)</TD><TD STYLE="text-align: justify">Address of the Principal Office or, if none, residence</TD></TR></TABLE>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0 0 0 0.5in; text-align: justify"><B>909 Montgomery Street, Suite 400</B></P>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0 0 0 0.5in; text-align: justify"><B>San Francisco, CA 94133</B></P>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0 0 8pt 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 9pt Times New Roman,serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">(c)</TD><TD STYLE="text-align: justify">Citizenship</TD></TR></TABLE>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0 0 0 0.5in; text-align: justify"><B>Gobi is a Delaware limited liability company.
Shan is a citizen of the United States.</B></P>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0 0 8pt 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 9pt Times New Roman,serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">(d)</TD><TD STYLE="text-align: justify">Title of Class of Securities</TD></TR></TABLE>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0 0 0 0.5in; text-align: justify"><B>Ordinary Shares, Par Value NIS 0.33 1/3&nbsp;Per
Share</B></P>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0 0 8pt 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 9pt Times New Roman,serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">(e)</TD><TD STYLE="text-align: justify">CUSIP Number</TD></TR></TABLE>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0 0 0 0.5in; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0 0 0 0.5in; text-align: justify"><B>M6158M104</B></P>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0 0 8pt 0.5in">&nbsp;</P>


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    <TD STYLE="width: 34%; border-top: Black 1.5pt solid; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">CUSIP No. M6158M104</FONT></TD>
    <TD STYLE="width: 33%; border-top: Black 1.5pt solid; font-family: Calibri,sans-serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">13G</FONT></TD>
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<P STYLE="font: 9pt Times New Roman,serif; text-align: justify; margin-right: 0; margin-left: 0"><B>Item 3. If this statement is
filed pursuant to Sec. 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 9pt">(a)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Wingdings 2; font-size: 14pt">*</FONT> <FONT STYLE="font-size: 9pt">Broker
or dealer registered under section 15 of the Act (15 U.S.D. 78o):</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 9pt">(b)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Wingdings 2; font-size: 14pt">*</FONT> <FONT STYLE="font-size: 9pt">Bank
as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 9pt">(c)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Wingdings 2; font-size: 14pt">*</FONT> <FONT STYLE="font-size: 9pt">Insurance
company as de<FONT STYLE="background-color: white">fined in section 3(a)(19) of the Act (15 U.S.C. 78c);</FONT></FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 9pt">(d)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Wingdings 2; font-size: 14pt">*</FONT> <FONT STYLE="font-size: 9pt; background-color: white">Investment
company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8);</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 9pt">(e)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Wingdings 2; font-size: 11pt">R</FONT> <FONT STYLE="font-size: 9pt; background-color: white">An
investment adviser in accordance with Sec. 240.13d-1(b)(1)(ii)(E);</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 9pt">(f)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Wingdings 2; font-size: 14pt">*</FONT> <FONT STYLE="font-size: 9pt; background-color: white">An
employee benefit plan or endowment fund in accordance with Sec. 240.13d-1(b)(1)(ii)(F);</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 9pt">(g)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Wingdings 2; font-size: 11pt">R</FONT> <FONT STYLE="font-size: 9pt; background-color: white">A
parent holding company or control person in accordance with Sec. 240.13d-1(b)(1)(ii)(G);</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 9pt">(h)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Wingdings 2; font-size: 14pt">*</FONT> <FONT STYLE="font-size: 9pt; background-color: white">A
savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 9pt">(i)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Wingdings 2; font-size: 14pt">*</FONT> <FONT STYLE="font-size: 9pt; background-color: white">A
church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act
of 1940 (15 U.S.C. 80a-3);</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 9pt">(j)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Wingdings 2; font-size: 14pt">*</FONT> <FONT STYLE="font-size: 9pt">A
non-U.S. institution in accordance with Sec. 240.13d-1(b)(1)(ii)(J);</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 9pt">(k)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Wingdings 2; font-size: 14pt">*</FONT> <FONT STYLE="font-size: 9pt">Group,
in accordance with Sec. 240.13d-1(b)(1)(ii)(J).&nbsp;</FONT></TD></TR></TABLE>

<P STYLE="font: 9pt Times New Roman,serif; text-align: justify; margin-right: 0; margin-left: 0"><B>Item 4. Ownership</B></P>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0 0 8pt; text-align: justify">This statement is being filed with respect to
an aggregate of 1,456,192 shares of Ordinary Shares, resulting in beneficial ownership of Ordinary Shares as follows:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 9pt Times New Roman,serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">1.</TD><TD STYLE="text-align: justify">Gobi</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 9pt Times New Roman,serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">(a)</TD><TD STYLE="text-align: justify">Amount Beneficially owned: 1,456,192.</TD></TR></TABLE>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0 0 8pt 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 9pt Times New Roman,serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">(b)</TD><TD STYLE="text-align: justify">Percent of Class: 6.2%.</TD></TR></TABLE>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0 0 8pt 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 9pt Times New Roman,serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">(c)</TD><TD STYLE="text-align: justify">Number of shares to which the person has:</TD></TR></TABLE>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0 0 8pt 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 9pt Times New Roman,serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in">(i)</TD><TD STYLE="text-align: justify">Sole power to vote or to direct the vote: 0.</TD></TR></TABLE>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0 0 8pt 1in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 9pt Times New Roman,serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in">(ii)</TD><TD STYLE="text-align: justify">Shared power to vote or to direct the vote: 1,456,192.</TD></TR></TABLE>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0 0 8pt 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 9pt Times New Roman,serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in">(iii)</TD><TD STYLE="text-align: justify">Sole power to dispose or to direct the disposition of: 0.</TD></TR></TABLE>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0 0 8pt 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 9pt Times New Roman,serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in">(iv)</TD><TD STYLE="text-align: justify">Shared power to dispose or to direct the disposition of: 1,456,192.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 9pt Times New Roman,serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">2.</TD><TD STYLE="text-align: justify">Shan</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 9pt Times New Roman,serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">(d)</TD><TD STYLE="text-align: justify">Amount Beneficially owned: 1,456,192.</TD></TR></TABLE>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0 0 8pt 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 9pt Times New Roman,serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">(e)</TD><TD STYLE="text-align: justify">Percent of Class: 6.2%.</TD></TR></TABLE>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0 0 8pt 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 9pt Times New Roman,serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">(f)</TD><TD STYLE="text-align: justify">Number of shares to which the person has:</TD></TR></TABLE>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0 0 8pt 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 9pt Times New Roman,serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in">(v)</TD><TD STYLE="text-align: justify">Sole power to vote or to direct the vote: 0.</TD></TR></TABLE>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0 0 8pt 1in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 9pt Times New Roman,serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in">(vi)</TD><TD STYLE="text-align: justify">Shared power to vote or to direct the vote: 1,456,192.</TD></TR></TABLE>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0 0 8pt 0.5in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 9pt Times New Roman,serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in">(vii)</TD><TD STYLE="text-align: justify">Sole power to dispose or to direct the disposition of: 0.</TD></TR></TABLE>


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    <TD STYLE="width: 34%; border-top: Black 1.5pt solid; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">CUSIP No. M6158M104</FONT></TD>
    <TD STYLE="width: 33%; border-top: Black 1.5pt solid; font-family: Calibri,sans-serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">13G</FONT></TD>
    <TD STYLE="width: 33%; border-top: Black 1.5pt solid; font-family: Calibri,sans-serif; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">Page 6 of 10</FONT></TD></TR>
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<P STYLE="font: 9pt Times New Roman,serif; margin: 0 0 8pt">&nbsp;</P>

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<TD STYLE="width: 0.75in"></TD><TD STYLE="width: 0.25in">(viii)</TD><TD STYLE="text-align: justify">Shared power to dispose or to direct the disposition of: 1,456,192.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 9pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in"><B>Item 5.</B></TD><TD STYLE="text-align: justify"><B>Ownership of Five Percent or Less of a Class.</B></TD></TR></TABLE>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Calibri,sans-serif; margin: 0 0 0 0.25in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Wingdings 2; font-size: 14pt">*</FONT>
&#9;<FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">As of the date of this Report, the aggregate beneficial ownership
of the Reporting Persons had been reduced to below five percent (5%).</FONT></P>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 9pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in"><B>Item 6.</B></TD><TD STYLE="text-align: justify"><B>Ownership of More than Five Percent on Behalf of another Person.</B></TD></TR></TABLE>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0; text-align: justify">Gobi, an investment adviser registered under Section
203 of the Investment Advisers Act of 1940, is deemed to be the beneficial owner of 1,456,192 shares, or 6.2% of the Ordinary Shares
believed to be outstanding, as a result of acting as investment adviser to various clients. Shan is the managing member of Gobi
and as such is deemed to be the beneficial owner of 1,456,192 shares, or 6.2% of the Ordinary Shares believed to be outstanding.&nbsp;
Clients of Gobi have the right to receive and the ultimate power to direct the receipt of dividends from, or the proceeds of the
sale of, such securities. Gobi Master Fund, Ltd., a Cayman Islands exempted company for which Gobi acts as an investment adviser,
may be deemed to beneficially own 534,428 of these 1,456,192 shares, which equates to 2.3% of the Ordinary Shares believed to be
outstanding. Gobi Concentrated Master Fund, Ltd., a British Virgin Islands business company for which Gobi acts as an investment
adviser, may be deemed to beneficially own 620,560 of these 1,456,192 shares, which equates to 2.6% of the Ordinary Shares believed
to be outstanding. Druid Investment Partners LP, a Delaware limited partnership for which Gobi acts as an investment adviser, may
be deemed to beneficially own 151,201 of these 1,456,192 shares, which equates to 0.6% of the Ordinary Shares believed to be outstanding.
Kapitalforeningen Investin Pro, a Danish capital association for which Gobi acts as an investment adviser, may be deemed to beneficially
own 150,003 of these 1,456,192 shares, which equates to 0.6% of the Ordinary Shares believed to be outstanding.</P>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 9pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in"><B>Item 7.</B></TD><TD STYLE="text-align: justify"><B>Identification and Classification of the Subsidiary Which Acquired the Security Being Reported
on By the Parent Holding Company.</B></TD></TR></TABLE>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0; text-align: justify">Not Applicable</P>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 1in"><B>Item 8.</B></TD><TD STYLE="text-align: justify"><B>Identification and Classification of Members of the Group.</B></TD></TR></TABLE>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0; text-align: justify">Not Applicable</P>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 9pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in"><B>Item 9.</B></TD><TD STYLE="text-align: justify"><B>Notice of Dissolution of Group.</B></TD></TR></TABLE>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0; text-align: justify">Not Applicable</P>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0; text-align: justify">&nbsp;</P>


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<TR>
    <TD STYLE="width: 34%; border-top: Black 1.5pt solid; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">CUSIP No. M6158M104</FONT></TD>
    <TD STYLE="width: 33%; border-top: Black 1.5pt solid; font-family: Calibri,sans-serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">13G</FONT></TD>
    <TD STYLE="width: 33%; border-top: Black 1.5pt solid; font-family: Calibri,sans-serif; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">Page 7 of 10</FONT></TD></TR>
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<P STYLE="font: 9pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 1in"><B>Item 10.</B></TD><TD STYLE="text-align: justify"><B>Certification</B></TD></TR></TABLE>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0; text-align: justify; text-indent: 0.5in">By signing below, I certify that,
to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business
and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer
of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that
purpose or effect.</P>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 8pt"><B>Exhibits.&#9;</B></P>

<P STYLE="font: 11pt Times New Roman,serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-size: 10pt">Exhibit A&#9;Joint
Filing Agreement by and between the Reporting Persons dated </FONT><FONT STYLE="font-size: 9pt">February 13, 2020.</FONT></P>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0 0 8pt; text-align: justify">&nbsp;</P>


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<TR>
    <TD STYLE="width: 34%; border-top: Black 1.5pt solid; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">CUSIP No. M6158M104</FONT></TD>
    <TD STYLE="width: 33%; border-top: Black 1.5pt solid; font-family: Calibri,sans-serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">13G</FONT></TD>
    <TD STYLE="width: 33%; border-top: Black 1.5pt solid; font-family: Calibri,sans-serif; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">Page 8 of 10</FONT></TD></TR>
</TABLE>
<P STYLE="font: 9pt Times New Roman,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0">After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.</P>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0 0 0 328.5pt; text-align: center">February 13, 2020<BR>
Date</P>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0 0 0 328.5pt">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 45%; border-collapse: collapse; font-size: 11pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 78%; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="width: 22%; font-family: Calibri,sans-serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid">
        <P STYLE="font: 11pt Calibri,sans-serif; margin: 0 0 8pt">&nbsp;</P>
        <P STYLE="font: 9pt Times New Roman,serif; margin: 0 0 8pt">/s/ Bo L. Shan</P></TD>
    <TD STYLE="font-family: Calibri,sans-serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Calibri,sans-serif"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">Bo L. Shan, as Managing Member of Gobi Capital LLC</FONT></TD>
    <TD STYLE="font-family: Calibri,sans-serif">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 9pt Times New Roman,serif; margin: 0 0 8pt"><B>&nbsp;</B></P>

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<TR STYLE="vertical-align: top">
    <TD STYLE="width: 78%; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="width: 22%; font-family: Calibri,sans-serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid">
        <P STYLE="font: 11pt Calibri,sans-serif; margin: 0 0 8pt">&nbsp;</P>
        <P STYLE="font: 9pt Times New Roman,serif; margin: 0 0 8pt">/s/ Bo L. Shan</P></TD>
    <TD STYLE="font-family: Calibri,sans-serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Calibri,sans-serif"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">Bo L. Shan</FONT></TD>
    <TD STYLE="font-family: Calibri,sans-serif">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 9pt Times New Roman,serif; margin: 0 0 8pt"><B>&nbsp;</B></P>


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<TR>
    <TD STYLE="width: 34%; border-top: Black 1.5pt solid; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">CUSIP No. M6158M104</FONT></TD>
    <TD STYLE="width: 33%; border-top: Black 1.5pt solid; font-family: Calibri,sans-serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">13G</FONT></TD>
    <TD STYLE="width: 33%; border-top: Black 1.5pt solid; font-family: Calibri,sans-serif; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">Page 9 of 10</FONT></TD></TR>
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<P STYLE="font: 9pt Times New Roman,serif; margin: 0 0 8pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0 0 8pt; text-align: center"><B>EXHIBIT INDEX</B></P>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0 0 8pt">&nbsp;</P>

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    <TD STYLE="width: 10%; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt"><U>Ex.</U></FONT></TD>
    <TD STYLE="width: 73%; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="width: 17%; font-family: Calibri,sans-serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt"><U>Page No.</U></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="text-align: center; font-family: Calibri,sans-serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Calibri,sans-serif"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">A</FONT></TD>
    <TD STYLE="font-family: Calibri,sans-serif"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">Joint Filing Agreement</FONT></TD>
    <TD STYLE="text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">10</FONT></TD></TR>
</TABLE>
<P STYLE="font: 9pt Times New Roman,serif; margin: 0 0 8pt">&nbsp;</P>


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<P STYLE="font: 9pt Times New Roman,serif; margin: 0 0 8pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
<TR>
    <TD STYLE="width: 34%; border-top: Black 1.5pt solid; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">CUSIP No. M6158M104</FONT></TD>
    <TD STYLE="width: 33%; border-top: Black 1.5pt solid; font-family: Calibri,sans-serif; text-align: center"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">13G</FONT></TD>
    <TD STYLE="width: 33%; border-top: Black 1.5pt solid; font-family: Calibri,sans-serif; text-align: right"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">Page 10 of 10</FONT></TD></TR>
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<P STYLE="font: 9pt Times New Roman,serif; margin: 0 0 8pt; text-align: right"><B>&nbsp;</B></P>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0 0 8pt; text-align: right"><B>EXHIBIT A</B></P>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0 0 8pt; text-align: center"><B>JOINT FILING AGREEMENT</B></P>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0 0 8pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0 0 8pt; text-align: justify">The undersigned hereby agree that the statement
on Schedule 13G with respect to the common stock of Ituran Location and Control Ltd., dated as of February 13, 2020, is, and any
amendments thereto (including amendments on Schedule 13D) signed by each of the undersigned shall be, filed on behalf of each of
us pursuant to and in accordance with the provisions of Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended.</P>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0 0 8pt; text-align: justify; text-indent: 0.55in">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0 0 0 328.5pt; text-align: center">February 13, 2020<BR>
Date</P>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 45%; border-collapse: collapse; font-size: 11pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 78%; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="width: 22%; font-family: Calibri,sans-serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid">
        <P STYLE="font: 11pt Calibri,sans-serif; margin: 0 0 8pt">&nbsp;</P>
        <P STYLE="font: 9pt Times New Roman,serif; margin: 0 0 8pt">/s/ Bo L. Shan</P></TD>
    <TD STYLE="font-family: Calibri,sans-serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Calibri,sans-serif"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">Bo L. Shan, as Managing Member of Gobi Capital LLC</FONT></TD>
    <TD STYLE="font-family: Calibri,sans-serif">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 9pt Times New Roman,serif; margin: 0 0 8pt"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 45%; border-collapse: collapse; font-size: 11pt">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 78%; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="width: 22%; font-family: Calibri,sans-serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid">
        <P STYLE="font: 11pt Calibri,sans-serif; margin: 0 0 8pt">&nbsp;</P>
        <P STYLE="font: 9pt Times New Roman,serif; margin: 0 0 8pt">/s/ Bo L. Shan</P></TD>
    <TD STYLE="font-family: Calibri,sans-serif">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-family: Calibri,sans-serif"><FONT STYLE="font-family: Times New Roman,serif; font-size: 9pt">Bo L. Shan</FONT></TD>
    <TD STYLE="font-family: Calibri,sans-serif">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 9pt Times New Roman,serif; margin: 0 0 8pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0 0 8pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 11pt Calibri,sans-serif; margin: 0 0 8pt; text-indent: 3.5in">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0 0 8pt"><B>&nbsp;</B></P>

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