Tranche Update on Tianjin You Fa Steel Pipe Group Stock Co., Ltd.'s Equity Buyback Plan announced on May 8, 2023.

From May 8, 2023 to June 30, 2023, the company has repurchased 19,760,680 shares, representing 1.38% for CNY 131.98 million. With this, the company has completed the repurchase of 19,760,680 shares, representing 1.38% for CNY 131.98 million under the buyback announced on May 8, 2023.