Tranche Update on Bright Oceans Inter-Telecom Corporation's Equity Buyback Plan announced on March 4, 2022.

Bright Oceans Inter-Telecom Corporation is engaged in the development, distribution and services of computer application systems. The Company operates its businesses through computer and communications and intelligent transportation business. The Company provides information and computer communication technology (ICT) products and services, including communications operation support systems (OSS), business support systems (BSS), management support systems (MSS), as well as network and information security products, among others, which are applied in communications, energy, financial and government fields. The Company also offers intelligent transportation systems (ITS), including solutions of signals and electromechanical control for information collection, transportation management and electronic toll collection, which are applied in railway transportation, urban traffic and expressways. The Company is also involved in the e-commerce business.