Tranche Update on Beijing Jiaxun Feihong Electrical Co., Ltd.'s Equity Buyback Plan announced on September 21, 2022.

BEIJING JIAXUN FEIHONG ELECTRICAL CO.,LTD is a China-based provider of command and dispatch communication systems. The Company's main products include conventional command and dispatch communications products, emergency monitoring and emergency communications products, intelligent application system products and disaster prevention and safety monitoring products. The Company's products are mainly used in transportation, defense and energy industries and the government. The Company distributes its products mainly in domestic market.