Tranche Update on Shanghai Tianyang Hot Melt Adhesives Co., Ltd.'s Equity Buyback Plan announced on March 9, 2021.

From March 8, 2021 to March 31, 2021, the company has repurchased 1,540,846 shares, representing 0.51% for CNY 46.67 million. With this, the company has completed the repurchase of 1,540,846 shares, representing 0.51% for CNY 46.67 million under the buyback announced on March 9, 2021.