Tranche Update on Shanghai Bairun Investment Holding Group Co., Ltd.'s Equity Buyback Plan announced on December 13, 2023.

From January 1, 2024 to March 31, 2024, the company has repurchased 2,611,000 shares, representing 0.25% for CNY 54.84 million. With this, the company has completed the repurchase of 3,381,000 shares, representing 0.33% for CNY 73.05 million under the buyback announced on December 13, 2023.