Baiyun Electrical Appliances: Plan to change registered capital etc., adjust the upper limit of repurchase share price.

Baoyun Electrical Appliances announced that from July 1st to August 28th, 2025, 366 million yuan of "Bai Electric Convertible Bonds" will be converted into shares, increasing the total share capital of the company to 540,527,955 shares, and the registered capital will be correspondingly adjusted. The company plans to increase the number of board seats from 9 to 11, and the legal representative will be changed to the general manager after the election. In addition, six people including Hu Dezha are nominated as candidates for the eighth independent director, and four people including Wang Xiaohua are nominated as candidates for independent directors. At the same time, the "Compensation Management System for Directors and Senior Management" will be formulated, and the upper limit of the repurchase share price will be adjusted from 14.65 yuan/share to 19.63 yuan/share. The above proposals all need to be submitted for deliberation at the 2026 second extraordinary general meeting of shareholders.