Baitong Energy announced that the company plans to issue shares to Baitong Environmental Protection, the controlling shareholder. After adjustments, the total capital raised will not exceed 273 million yuan, and the number of shares issued will not exceed 27.7 million shares. The issue price is 9.85 yuan/share. On December 16, 2025, the company and Baitong Environmental signed the “Supplementary Stock Subscription Agreement II”. As of September 30, 2025, Baitong Huan maintained 90 million shares of the company, accounting for 19.53% of the total share capital. The capital raised this time will be used to supplement working capital. After the issuance is completed, the company's control will be consolidated, and Zhang Chunlong is still the actual controller. The offering is subject to review and approval by the Shenzhen Stock Exchange and the approval of the Securities Regulatory Commission for registration.

Baitong Energy announced that the company plans to issue shares to Baitong Environmental Protection, the controlling shareholder. After adjustments, the total capital raised will not exceed 273 million yuan, and the number of shares issued will not exceed 27.7 million shares. The issue price is 9.85 yuan/share. On December 16, 2025, the company and Baitong Environmental signed the “Supplementary Stock Subscription Agreement II”. As of September 30, 2025, Baitong Huan maintained 90 million shares of the company, accounting for 19.53% of the total share capital. The capital raised this time will be used to supplement working capital. After the issuance is completed, the company's control will be consolidated, and Zhang Chunlong is still the actual controller. The offering is subject to review and approval by the Shenzhen Stock Exchange and the approval of the Securities Regulatory Commission for registration.