Tranche Update on Zhejiang JIULI Hi-tech Metals Co.,Ltd's Equity Buyback Plan announced on October 31, 2023.

From October 28, 2023 to December 31, 2023, the company has repurchased 2,870,860 shares, representing 0.3% for CNY 54.96 million. With this, the company has completed the repurchase of 2,870,860 shares, representing 0.3% for CNY 54.96 million under the buyback announced on October 31, 2023.