Tranche Update on Shanghai Liangxin Electrical Co., Ltd.'s Equity Buyback Plan announced on February 2, 2021.

From February 1, 2021 to March 31, 2021, the company has repurchased 3,447,700 shares, representing 0.34% for CNY 99.6 million. With this, the company has completed the repurchase of 3,447,700 shares, representing 0.34% for CNY 99.6 million under the buyback announced on February 2, 2021.