Tranche Update on Shanying International Holdings Co.,Ltd's Equity Buyback Plan announced on May 9, 2019.

From May 9, 2019 to March 31, 2020, the company has repurchased 154,787,003 shares, representing 3.38% for CNY 520.71 million. With this, the company has completed the repurchase of 154,787,003 shares, representing 3.38% for CNY 520.71 million under the buyback announced on May 9, 2019.