Tranche Update on Jiangsu Shuangxing Color Plastic New Materials Co., Ltd.'s Equity Buyback Plan announced on April 26, 2022.

From July 1, 2022 to September 26, 2022, the company has repurchased 5,756,100 shares, representing 0.5% for CNY 95.13 million. With this, the company has completed the repurchase of 6,106,100 shares, representing 0.53% for CNY 101.01 million under the buyback announced on April 26, 2022.