Baoyang Group: After the closure of Hainan, the company's subsidiaries have no new major discounts available.

On November 18, Baiyang Group stated on the interactive platform that the company has core subsidiaries in Hainan, including Hainan Jiade Xin Food, Hainan Baiyang Aquatic Food, and Hainan Baiyang Feed, with business covering aquatic food processing and feed production. Hainan Jiade Xin Food and Hainan Baiyang Aquatic Food are encouraged industries in the free trade port, enjoying a 15% corporate income tax incentive; Hainan Baiyang Feed, as a high-tech enterprise, also benefits from a 15% corporate income tax incentive and related support policies. The company's imports of raw materials and equipment are not high, and after the closure of Hainan, the company's Hainan subsidiaries do not have any new major benefits to enjoy.