Tranche Update on Crown Advanced Material Co.,Ltd.'s Equity Buyback Plan announced on March 15, 2023.

Crown Advanced Material Co Ltd is a China-based company mainly engaged in the research and development, production and sales of new composite membrane materials. The Company's main products are solar battery backsheets, and its products also include aluminum-plastic film, special protective film and polyolefin elastomer (POE) film. Its products are used in new energy fields such as photovoltaic power generation and lithium batteries. The Company conducts its businesses within the China market and to overseas markets such as Vietnam, Singapore, South Korea, Malaysia, India, Thailand and Turkey.