Tranche Update on Nanjing Central Emporium Stocks Co., Ltd.'s Equity Buyback Plan announced on November 2, 2017.

From November 1, 2017 to December 31, 2017, the company has repurchased 7,216,424 shares, representing 0.73% for CNY 60 million. With this, the company has completed the repurchase of 7,216,424 shares, representing 0.73% for CNY 60 million under the buyback announced on November 2, 2017.