Tranche Update on Tianjin You Fa Steel Pipe Group Stock Co., Ltd.'s Equity Buyback Plan announced on January 8, 2022.

From January 7, 2022 to March 31, 2022, the company has repurchased 6,636,353 shares, representing 0.46% for CNY 68.23 million. With this, the company has completed the repurchase of 6,636,353 shares, representing 0.46% for CNY 68.23 million under the buyback announced on January 8, 2022.