Gansu Mogao Industrial Development Co.,Ltd authorizes a Buyback Plan.

Gansu Mogao Industrial Development Co Ltd is a China-based company principally engaged in the businesses of wine, biodegradable materials and products, and pharmaceuticals. The Company primarily operates its businesses through four segments. The Wine Business segment is mainly engaged in grape planting, wine production and sales. The Pharmaceutical segment mainly produces compound licorice tablets and compound licorice oral solution. The New Environmentally Friendly Materials segment mainly produces biodegradable polyester new environmentally friendly materials. The Agricultural Film segment is mainly engaged in the production and sales of agricultural films. The Company mainly conducts its businesses in the domestic market.