Baowen Electric: The financial of military equipment intends to reduce its holding by no more than 1%.

Baobian Electric announced that the concerted action person of China Ordnance Equipment Group Co., Ltd., which holds more than 5% of the shares, Ordnance Equipment Group Financial Co., Ltd., currently holds 36.4193 million shares of the company, accounting for 1.98% of the total share capital. Ordnance Financial plans to reduce its holdings by no more than 18.4153 million shares through centralized bidding from August 18, 2025 to November 17, 2025, with a reduction rate not exceeding 1%. The source of the planned reduction of shares is judicial transfer.