Tranche Update on Guangdong Ganhua Science and Industry Co., Ltd.'s Equity Buyback Plan announced on September 8, 2020.

From September 7, 2020 to December 31, 2020, the company has repurchased 8,871,075 shares, representing 2% for CNY 98.57 million. With this, the company has completed the repurchase of 8,871,075 shares, representing 2% for CNY 98.57 million under the buyback announced on September 8, 2020.