Tranche Update on China Kings Resources Group Co.,Ltd.'s Equity Buyback Plan announced on January 21, 2022.

China Kings Resources Group Co., Ltd. is a China-based company principally engaged in the investment and development of fluorite mines, as well as manufacture and sales of fluorite products. The Company mainly provides self-produced products and trading business products, including acid grade fluorite fine powders, high-grade Fluorite lump ore, metallurgical grade fluorite fine powders and common fluorite ore. The Company is also engaged in the sales of tailing sand. The Company’s products are mainly applied in new energy and new material industrials, as well as traditional fields, including metallurgy, chemical industry, construction, optical and others. The Company distributes its products in domestic market and to overseas markets.