Baoying Co., Ltd. announced that on November 5, 2026, the company signed a sales contract with Hangzhou Feide and Shitonny to sell the remaining 1,080 tons of 4N8 grade high-purity quartz sand to Hangzhou Feide, with an amount of 24.3 million yuan including tax; Shitong New paid 24.3 million yuan of the 29 million yuan loan debt to the company, and the remaining claims were executed according to the original contract. Hangzhou Feide is an enterprise where Fu Xiangde, the company's deputy general manager, holds 80% of the shares, and Shitongniu is an enterprise controlled by Fu Xiangde and his co-actors. This transaction constitutes a related transaction. It has been reviewed and approved by the company's board of directors, and there is no need to submit it to the shareholders' meeting for review.

Baoying Co., Ltd. announced that on November 5, 2026, the company signed a sales contract with Hangzhou Feide and Shitonny to sell the remaining 1,080 tons of 4N8 grade high-purity quartz sand to Hangzhou Feide, with an amount of 24.3 million yuan including tax; Shitong New paid 24.3 million yuan of the 29 million yuan loan debt to the company, and the remaining claims were executed according to the original contract. Hangzhou Feide is an enterprise where Fu Xiangde, the company's deputy general manager, holds 80% of the shares, and Shitongniu is an enterprise controlled by Fu Xiangde and his co-actors. This transaction constitutes a related transaction. It has been reviewed and approved by the company's board of directors, and there is no need to submit it to the shareholders' meeting for review.