Baotailong: Controlling shareholder pledges 10 million shares to provide 30 million yuan guarantee for company business.

Baotailong announced that its controlling shareholder, Baotailong Group, has pledged 10 million shares of unrestricted tradable shares to Xiamen Jianxiang Shangda Co., Ltd., providing a maximum of 30 million yuan in pledge guarantee for the company's continuous trading business. As of the announcement date, Baotailong Group holds 456 million shares of the company, accounting for 23.80% of the total share capital, with a total pledge of 368 million shares, accounting for 80.79% of its holdings. Baotailong Group has no pledged shares expiring in the next six months or one year, and this pledge will not have a significant impact on the company's operations. The current pledge risk is controllable.