Baixia Group: Holding Subsidiary Completes Deregistration Registration

Bai Da Group announced that the 14th meeting of the 11th Board of Directors of the company had reviewed and approved the proposal to cancel its holding subsidiary Hangzhou Bai Cui Network Technology Co., Ltd. Recently, the company has completed the deregistration procedures for this subsidiary. After this cancellation is completed, the company's consolidated financial statements scope will be adjusted, but it will not have a significant impact on the company's consolidated financial statement data, profit level, and daily operations, nor will it harm the interests of the company and shareholders.