Baosheng Co., Ltd.: Plans to establish a wholly-owned subsidiary in Vietnam to build a new production base.

Baosheng Co., Ltd. announced that the ninth meeting of the ninth board of directors reviewed and approved a proposal to establish a wholly-owned subsidiary in Vietnam to build a new high-end cable production base, expand the high-end supply chain, and implement the international business layout. This investment project has good market prospects, mature technology, and controllable risks, and is in line with the company's strategy and long-term interests. The meeting also reviewed and approved the "Administrative Measures for Information Disclosure of Debt Financing Instruments" to regulate the company's information disclosure practices for debt financing instruments in the interbank bond market, covering information disclosure work for various types of debt financing instruments.