Tranche Update on SILVERY DRAGON PRESTRESSED MATERIALS CO., LTD. TIANJIN's Equity Buyback Plan announced on March 13, 2020.

SILVERY DRAGON PRESTRESSED MATERIALS CO., LTD. TIANJIN is a China-based company principally engaged in the research, development, manufacture and sales of steels for prestressed concrete. The Company's products also include steel strands for prestressed concrete, steel bars for prestressed concrete and others. The Company's products are applied in railway, water delivery and water distribution engineering, highway, bridges, civil construction, industrial construction, power transmission and distribution engineering and prestressed concrete special structural engineering and other fields.