Tranche Update on Phoenitron Holdings Limited's Equity Buyback Plan announced on May 29, 2019.

Phoenitron Holdings Ltd is an investment holding company principally engaged in the contract manufacturing and sales of smart cards. The Company mainly operates its business through five segments. The Sales of Smart Cards segment mainly produces and provides smart cards and related services for customers. The Sales and Trading of Scrap Metals segment is principally engaged in the sale of scrap metals. The Sales of Smart Card Application Systems segment is mainly engaged in the sale of smart card application systems. The Financial and Management Consultancy Services segment mainly provides financial and management consulting services. The Media and Entertainment segment is mainly engaged in investing in television (TV) programmes.