Tranche Update on Fibocom Wireless Inc.'s Equity Buyback Plan announced on August 25, 2023.

Fibocom Wireless Inc is a company mainly engaged in research, development, production and sales of communication modules. The Company's products and services include wireless communication modules, such as fifth generation mobile networks (5G) modules, long-term evolution (LTE) modules, general packet radio service (GPRS) modules, as well as communication solutions. Its products are used in the fields of mobile Internet, mobile payment, Internet of vehicles and intelligent security. The Company sells its products to both domestic and international markets, including the United States and Germany.