Tranche Update on Anhui Korrun Co., Ltd.'s Equity Buyback Plan announced on January 31, 2024.

Anhui Korrun Co., Ltd. is a China-based company principally engaged in the research, development, design, manufacture and sales of travel products such as luggage, shoes and related accessories. The Company’s products mainly include business bags, outdoor leisure bags, protective covers for tablets and mobile phones. The Company has two kinds of business modes. One is original design manufacturer (ODM) and original equipment manufacturer (OEM) and the other one is proprietary brand business. Its proprietary brand includes Guildford and 90 points. Its ODM and OEM modes mainly provide products to Lenovo, Decathlon, ASUS and Samsonite. The Company operates its business in domestic market and overseas markets.