Tranche Update on Fujian Yuanxiang New Materials Co.,Ltd's Equity Buyback Plan announced on December 6, 2023.

From January 1, 2024 to February 23, 2024, the company has repurchased 1,268,900 shares, representing 2.37% for CNY 29.66 million. With this, the company has completed the repurchase of 1,268,900 shares, representing 2.37% for CNY 29.66 million under the buyback announced on December 6, 2023.