Tranche Update on Changzhou Xingyu Automotive Lighting Systems Co.,Ltd.'s Equity Buyback Plan announced on December 30, 2022.

From December 29, 2022 to March 31, 2023, the company has repurchased 357,800 shares, representing 0.13% for CNY 42.38 million. With this, the company has completed the repurchase of 357,800 shares, representing 0.13% for CNY 42.38 million under the buyback announced on December 30, 2022.