Tranche Update on Kuaijishan Shaoxing Rice Wine Co., Ltd.'s Equity Buyback Plan announced on October 18, 2023.

From October 17, 2023 to December 31, 2023, the company has repurchased 6,095,200 shares, representing 1.27% for CNY 65.2 million. With this, the company has completed the repurchase of 6,095,200 shares, representing 1.27% for CNY 65.2 million under the buyback announced on October 18, 2023.