Tranche Update on OKE Precision Cutting Tools Co., Ltd.'s Equity Buyback Plan announced on September 9, 2023.

OKE Precision Cutting Tools Co Ltd is a China-based company mainly engaged in the research, development, production and sales of cemented carbide products and Computer Numerical Control (CNC) tool products. Cemented carbide products mainly include saw tips and discs, which are further processed into carbide cutting tools such as carbide saw tips and disc milling cutters, which are used to cut various non-metal and metal materials. CNC tool products mainly include CNC blades, which are used to process metal materials such as stainless steel, steel, cast iron, and non-ferrous metals. The Company mainly conducts business within the domestic market.