Tranche Update on Shenzhen King Explorer Science and Technology Corporation's Equity Buyback Plan announced on May 9, 2022.

From January 1, 2023 to March 31, 2023, the company has repurchased 1,470,000 shares, representing 0.42% for CNY 16.45 million. With this, the company has completed the repurchase of 1,890,700 shares, representing 0.54% for CNY 20.22 million under the buyback announced on May 9, 2022.