Tranche Update on Rongxin Education and Culture Industry Development Co., Ltd.'s Equity Buyback Plan announced on November 16, 2023.

Ronshin Group is a China-based company mainly engaged in the planning and distribution of children's books and the export of children's cultural products. The children's books planned and distributed by the Company can be divided into children's science encyclopedia, early childhood enlightenment, cartoon/comic/picture book, game puzzle, and others. The Company mainly distributes its products in the domestic market and overseas markets.