Tranche Update on Acorn International, Inc.'s Equity Buyback Plan announced on December 15, 2017.

Acorn International Inc (Acorn) is a Cayman Island-based company. The Company is a marketing and branding company in China, leveraging a direct marketing to monetize brand IP, content creation and distribution, and product sales, through digital media in China. Acorn has three divisions support its growth: products division, digital services division, sourcing division. Its products division, Acorn sells products primarily through e-commerce channels in China, and offline distribution and outbound marketing. Its digital services division, which offers digital presence and e-commerce. Its sourcing division track record of managing factories and supply chains, selecting, and developing products and building brands.