Tranche Update on Jiangsu Shuangxing Color Plastic New Materials Co., Ltd.'s Equity Buyback Plan announced on April 26, 2022.

From April 26, 2022 to June 30, 2022, the company has repurchased 350,000 shares, representing 0.03% for CNY 5.87 million. With this, the company has completed the repurchase of 350,000 shares, representing 0.03% for CNY 5.87 million under the buyback announced on April 26, 2022.