Bai Xinglong: Recently, there have been no significant changes in the company's operating conditions and internal and external operating environment.

Baixinglong issued an announcement on June 12th, stating that the closing price of the company's stock in the past three trading days has deviated by a cumulative 42.71%. According to relevant provisions of the "Beijing Stock Exchange Trading Rules", this constitutes abnormal fluctuations in stock trading. Upon verification, there have been no significant changes in the company's operations or the internal and external operating environment. There are no undisclosed significant matters regarding the company by the company, controlling shareholder, or actual controller, nor are there any significant matters in the planning stage that should be disclosed. There are no other significant events that may have a significant impact on the stock price. During the abnormal fluctuations, the company, controlling shareholder, actual controller, and senior executives have not traded the company's shares.