Tranche Update on Xuzhou Handler Special Vehicle Co., Ltd's Equity Buyback Plan announced on December 26, 2023.

XU ZHOU HANDLER SPECIAL VEHICLE CO.LTD is a China-based company principally engaged in the research, development, manufacture and operation of aerial work vehicles and power security vehicles. The Company's main products include aerial work vehicles, power generation vehicles, bypass-powered vehicles and power repair vehicles. The Company's aerial work vehicles are mainly used in electric power, municipal streetlight, landscaping, public security and petrochemical industries. The Company distributes its products mainly in domestic market, with eastern region of China as its main market.