Tranche Update on Zhejiang Jiuli Hi-Tech Metals Co., Ltd.'s Equity Buyback Plan announced on January 9, 2021.

From January 8, 2021 to March 31, 2021, the company has repurchased 16,179,265 shares, representing 1.68% for CNY 212.75 million. With this, the company has completed the repurchase of 16,179,265 shares, representing 1.68% for CNY 212.75 million under the buyback announced on January 9, 2021.