According to Baiao Chemical's announcement, the controlling shareholder Tongyun Investment recently pledged 18.32 million shares to Yu** et al., accounting for 2.04% to 3.78% of its shares and 0.61% to 1.13% of the total share capital, and financing for its own production and operation. As of the disclosure date of the announcement, Express Investment held 212 million shares, pledged a total of 38.48 million shares, accounting for 18.19% of its shares and 5.45% of the company's total share capital, and the pledged shares were not used for other protection purposes.

According to Baiao Chemical's announcement, the controlling shareholder Tongyun Investment recently pledged 18.32 million shares to Yu** et al., accounting for 2.04% to 3.78% of its shares and 0.61% to 1.13% of the total share capital, and financing for its own production and operation. As of the disclosure date of the announcement, Express Investment held 212 million shares, pledged a total of 38.48 million shares, accounting for 18.19% of its shares and 5.45% of the company's total share capital, and the pledged shares were not used for other protection purposes.