Tranche Update on Zhe Jiang Dali Technology Co.,Ltd's Equity Buyback Plan announced on January 16, 2020.

From January 15, 2020 to March 31, 2020, the company has repurchased 2,557,704 shares, representing 0.56% for CNY 50.1 million. With this, the company has completed the repurchase of 2,557,704 shares, representing 0.56% for CNY 50.1 million under the buyback announced on January 16, 2020.