ST Baoying: There are no major issues that should be disclosed but have not been disclosed.

*ST Baoying announced on the evening of September 3rd that the closing prices of the company's stock on September 1st, 2nd, and 3rd, 2025, have deviated by more than 12% for three consecutive trading days. According to relevant regulations of the Shenzhen Stock Exchange Trading Rules, the trading of the company's stock is considered to have experienced abnormal fluctuations. Upon verification, there have been no significant changes in the company's operations or internal and external operating environment recently. There are no significant undisclosed matters regarding the company from the company, major shareholders, or actual controllers. The company has not found any public media reports that could have a significant impact on the trading price of the company's stock. During the period of abnormal stock fluctuations, the major shareholders and actual controllers of the company have not bought or sold the company's stock.