Tranche Update on Guangdong Fenghua Advanced Technology Co., Ltd.'s Equity Buyback Plan announced on August 19, 2022.

GUANGDONG FENGHUA ADVANCED TECHNOLOGY (HOLDING) CO., LTD. is a China-based company principally engaged in the research, manufacture and sale of electronic components, electronic materials and electronic equipment. The Company’s main products include multi-layer ceramic capacitors (MLCCs), chip resistors, chip sensors, ceramic filters, semiconductor devices, thick film integrated circuits and varistors, among others. The Company's products are used in consumer electronics, communication, computer and intelligent terminal, automotive electronics, power and industrial control, military and medical industries. The Company distributes its products in domestic market and to overseas markets.