Tranche Update on Luenmei Quantum Co.,Ltd's Equity Buyback Plan announced on November 16, 2023.

Lianmei Quantum Holdings Co., Ltd., formerly Luenmei Holding Co.,Ltd, is a China-based company principally engaged in the heating supply and steam supply business. The Company’s main businesses include heating supply service business, steam supply business, power generation, power grid installation service business, engineering service business, advertising service business and other businesses. Other businesses mainly include Capital management, financial services, property management and housing rental. The Company mainly conducts its businesses in domestic market.