Tranche Update on Shenzhen Jiang&Associates Creative Design Co., Ltd.'s Equity Buyback Plan announced on February 28, 2020.

From February 27, 2020 to March 31, 2020, the company has repurchased 1,769,150 shares, representing 1.67% for CNY 28.59 million. With this, the company has completed the repurchase of 1,769,150 shares, representing 1.67% for CNY 28.59 million under the buyback announced on February 28, 2020.