Baota Industry (000595.SZ) subsidiary Guilin Haiwei resumes participation in procurement activities.

Baota Industry (000595.SZ) announced that, following a previous announcement, its controlling subsidiary, Guilin Haiwei Ship Electrical Equipment Co., Ltd. (referred to as "Guilin Haiwei"), was suspended from participating in procurement activities by relevant authorities from January 27, 2024 to October 26, 2024. Recently, Guilin Haiwei received notification that it will regain its qualification and be able to participate in relevant procurement activities from January 23, 2025.