Tranche Update on Beijing Kingee Culture Development Co., Ltd.'s Equity Buyback Plan announced on January 16, 2021.

Beijing Kingee Culture Development Co.,Ltd is a China-based company principally engaged in the research, development, design, production and distribution of gold jewelries and precious metal products. The Company’s main products include pure gold products, pure silver products, jewelries, investment gold ingots, white jade products, intelligent products and post products, among others. The Company distributes its products in domestic market and to overseas market, with East China as South China as its main markets.