Baiao Chemical announced that the company held a board meeting on December 10, 2025 to review and pass a bill to adjust the upper limit of the share repurchase price. The upper limit before the adjustment is no more than 31.67 yuan/share, and no more than 48.95 yuan/share after the adjustment. The adjustment is within the authority of the board of directors and does not require review by the shareholders' meeting. As of the announcement disclosure date, the company had repurchased a total of 8.197,800 shares, accounting for 1.16% of the total share capital and a total repurchase capital of 199 million yuan. Other than the price cap, other matters relating to the repurchase remain unchanged. The company will promote the repurchase in accordance with regulations and promptly disclose the progress.

Baiao Chemical announced that the company held a board meeting on December 10, 2025 to review and pass a bill to adjust the upper limit of the share repurchase price. The upper limit before the adjustment is no more than 31.67 yuan/share, and no more than 48.95 yuan/share after the adjustment. The adjustment is within the authority of the board of directors and does not require review by the shareholders' meeting. As of the announcement disclosure date, the company had repurchased a total of 8.197,800 shares, accounting for 1.16% of the total share capital and a total repurchase capital of 199 million yuan. Other than the price cap, other matters relating to the repurchase remain unchanged. The company will promote the repurchase in accordance with regulations and promptly disclose the progress.