Tranche Update on Beijing Asiacom Information Technology Co,.Ltd's Equity Buyback Plan announced on February 20, 2024.

Beijing Asiacom Information Technology Co Ltd is a China-based company principally engaged in the information technology (IT) equipment sales as well as operation and maintenance services. IT equipment sales business includes the sales of servers, server accessories and network equipment accessories such as memory, hard disk, central processing unit card, graphic processing unit card and others. IT operation and maintenance services include on-site operation and maintenance services, delivery implementation services and after-sales maintenance services. The Company mainly conducts its businesses in the domestic and overseas markets, including North America.