Baiyang Group: The company's recent operating conditions are normal, and there have been no major changes in the internal and external operating environment.

On July 3, Baiyang Co., Ltd. announced that the closing prices of the company's stock on July 2, 2025 and July 3, 2025 had deviated by more than 20% for two consecutive trading days, which falls under the category of abnormal stock price fluctuations according to the relevant provisions of the Shenzhen Stock Exchange Trading Rules. After verification, the company's disclosed information does not require any corrections or supplements; the company has not found any undisclosed significant information that may or has already had a significant impact on the company's stock trading prices based on recent public media reports; the company's recent operating conditions are normal, and there have been no major changes in the internal and external operating environment.