Tranche Update on Jiangsu Baichuan High-Tech New Materials Co., Ltd.'s Equity Buyback Plan announced on November 28, 2018.

From November 27, 2018 to December 31, 2018, the company has repurchased 7,294,000 shares, representing 1.41% for CNY 37.96 million. With this, the company has completed the repurchase of 7,294,000 shares, representing 1.41% for CNY 37.96 million under the buyback announced on November 28, 2018.