Tranche Update on Beijing Jiaxun Feihong Electrical Co., Ltd.'s Equity Buyback Plan announced on August 26, 2023.

From August 25, 2023 to December 31, 2023, the company has repurchased 865,000 shares, representing 0.15% for CNY 5.92 million. With this, the company has completed the repurchase of 865,000 shares, representing 0.15% for CNY 5.92 million under the buyback announced on August 26, 2023.