Announcement of the Council 
Announcement of Mechanism to Establish NCN Repurchase Price Increase Steady in NBS Internal Market
Dear NBS investors:
In view of the large price fluctuations caused by the current NCN repurchase mechanism and the possibility of artificial manipulation, after the NBS Council meeting discussed and reported to the core group of NBS guild for approval, it was decided to adjust the NCN repurchase mechanism as follows:
The price of NCN repurchase pending orders will increase by 5% fixedly on the basis of the price of the last “existence repurchase orders” every month.
“Existence repurchase orders” refers to the system repurchase orders that have not been completely traded by the system and some of which are still in pending orders status.
For example, when the repurchase at the end of a month, if the repurchase orders of last month are not completely traded, the repurchase price will increase by 5%; If the repurchase orders were completely traded last month and the repurchase pending orders of the month before last month are still there, the repurchase price remains unchanged; If the repurchase orders for several months before last month were all broken through, the repurchase price will increase by 5% based on the latest remaining repurchase pending orders.
According to this rule, the repurchase price at the end of April 2021 is 0.25 × 1.05 = 0.2625NBS.
Thank you for your support to NBS!
April 20, 2021