Tranche Update on Anhui Truchum Advanced Materials and Technology Co., Ltd.'s Equity Buyback Plan announced on May 10, 2022.

Anhui Truchum Advanced Materials and Technology Co., Ltd., formerly Anhui Jingcheng Copper Share CO., LTD., is a China-based company, principally engaged in the research and development, processing and distribution of metal-based materials. The Company operates its businesses through two segments. The Processing of Metal-based Materials segment is engaged in the research, development, production and distribution of copper alloy bar and wires, copper strips, conductive copper rods and others, used in electrical and electronic, mechanics, automobiles, hardware appliances and other industries. The Research and Development of Thermal Equipment and New Materials segment is engaged in the research, development, production and distribution of new materials thermal equipment and the transfer of technologies. Its products include copper sheets, copper rod and wires, copper bars, steel strips and others. The Company distributes its products within domestic market and to overseas markets.