Tranche Update on Zhejiang Giuseppe Garment Co., Ltd's Equity Buyback Plan announced on January 15, 2021.

From January 14, 2021 to March 31, 2021, the company has repurchased 15,860,000 shares, representing 4.53% for CNY 90.12 million. With this, the company has completed the repurchase of 15,860,000 shares, representing 4.53% for CNY 90.12 million under the buyback announced on January 15, 2021.