Baomo Co., Ltd. announced that in April 2024, the subsidiary Chengdu Baomo signed an “Equity Repurchase Agreement” with Cai Jianjun, Hunan Zhongxin, and Rijing Mining, agreeing that Hunan Zhongxin would buy back shares in Chengdu Baomo. In December 2024, Hunan Zhongxin designated Hunan Xinju to fulfill the obligation to pay the remaining repurchase price. On November 19, 2025, Chengdu Baomo received a notice requesting that 52.41% of its shares in Rijing Mining be registered as an industrial and commercial change to the designated party. Recently, Rijing Mining completed the registration of related industrial and commercial changes. Chengdu Baomo no longer holds its shares, and the original resident director has also withdrawn from the board of directors.

Baomo Co., Ltd. announced that in April 2024, the subsidiary Chengdu Baomo signed an “Equity Repurchase Agreement” with Cai Jianjun, Hunan Zhongxin, and Rijing Mining, agreeing that Hunan Zhongxin would buy back shares in Chengdu Baomo. In December 2024, Hunan Zhongxin designated Hunan Xinju to fulfill the obligation to pay the remaining repurchase price. On November 19, 2025, Chengdu Baomo received a notice requesting that 52.41% of its shares in Rijing Mining be registered as an industrial and commercial change to the designated party. Recently, Rijing Mining completed the registration of related industrial and commercial changes. Chengdu Baomo no longer holds its shares, and the original resident director has also withdrawn from the board of directors.