Tranche Update on Zhejiang Rongsheng Environmental Protection Paper Joint Stock Co., Ltd.'s Equity Buyback Plan announced on May 4, 2022.

From July 1, 2022 to September 30, 2022, the company has repurchased 7,568,600 shares, representing 2.72% for CNY 102.92 million. With this, the company has completed the repurchase of 7,715,600 shares, representing 2.77% for CNY 104.9 million under the buyback announced on May 4, 2022.