Tranche Update on Jiangsu Rongtai Industry Co., Ltd.'s Equity Buyback Plan announced on February 1, 2024.

Jiangsu Rongtai Industry Co Ltd is a China-based company principally engaged in the research and development, production and sales of automotive aluminum alloy precision die castings. The Company's main products include aluminum alloy precision die-casting parts such as automotive steering systems, transmission systems and braking systems. Among them, the automobile steering system includes steering long housing, steering column, servo housing and end cover. The transmission system includes the case, cover and adapter of the transfer case; the case and cover of the gearbox; the oil pump and cover of the gearbox. The brake system includes brake pump valve shells, shell covers, and brake air compression unit valve bodies. The Company's products involve three types of products: auto parts, vehicle molds and motorcycle parts. The Company's distributes its products both in the domestic market and to overseas markets.