Tranche Update on Hubei Fuxing Science and Technology Co.,Ltd's Equity Buyback Plan announced on October 11, 2019.

From October 31, 2019 to December 31, 2019, the company has repurchased 16,263,300 shares, representing 1.69% for CNY 103.7 million. With this, the company has completed the repurchase of 16,263,300 shares, representing 1.69% for CNY 103.7 million under the buyback announced on October 11, 2019.