Tranche Update on Shandong Bohui Paper Industry Co., Ltd.'s Equity Buyback Plan announced on March 31, 2021.

From March 30, 2021 to June 30, 2021, the company has repurchased 15,410,089 shares, representing 1.15% for CNY 278.78 million. With this, the company has completed the repurchase of 15,410,089 shares, representing 1.15% for CNY 278.78 million under the buyback announced on March 31, 2021.