Tranche Update on Shanghai Holystar Information Technology Co., Ltd.'s Equity Buyback Plan announced on September 7, 2023.

Shanghai Holystar Electrical Technology Co Ltd is a company mainly engaged in research and development, production and sales of distribution networks intelligent equipment. The Company operates two major businesses. The distribution networks intelligent equipment business provides smart pole switches, fault indicators, other distribution networks intelligent equipment and related services, such as ground fault research and judgment auxiliary devices and on-site operation and maintenance implementation services. The distribution networks information service business provides software development and power geographic information system (GIS) implementation services.