Tranche Update on VATS Liquor Chain Store Management Joint Stock Co., Ltd.'s Equity Buyback Plan announced on January 16, 2024.

From January 15, 2024 to March 31, 2024, the company has repurchased 8,835,896 shares, representing 2.12% for CNY 145.51 million. With this, the company has completed the repurchase of 8,835,896 shares, representing 2.12% for CNY 145.51 million under the buyback announced on January 16, 2024.