Tranche Update on Qingdao Hiron Commercial Cold Chain Co., Ltd.'s Equity Buyback Plan announced on October 27, 2023.

From October 26, 2023 to December 31, 2023, the company has repurchased 1,293,080 shares, representing 0.33% for CNY 19.63 million. With this, the company has completed the repurchase of 1,293,080 shares, representing 0.33% for CNY 19.63 million under the buyback announced on October 27, 2023.