Tranche Update on Zhejiang Hailide New Material Co., Ltd's Equity Buyback Plan announced on November 9, 2018.

From November 8, 2018 to December 31, 2018, the company has repurchased 13,732,935 shares, representing 1.12% for CNY 55.28 million. With this, the company has completed the repurchase of 13,732,935 shares, representing 1.12% for CNY 55.28 million under the buyback announced on November 9, 2018.