Hundred Run Shares: plans to issue stocks to specific investors to raise funds not exceeding 1.305 billion yuan.

Notice from Bairun Co., Ltd.: The company plans to issue stocks to specific targets to raise funds of no more than 1.305 billion yuan. The raised funds, after deducting issuance expenses, will all be used for the expansion of the malt whisky barrel aging capacity project and the establishment of a research and development testing center project. The number of stocks issued this time will not exceed 312 million, and the issuance price shall not be lower than 80% of the average trading price of the company's stocks in the 20 trading days before the pricing benchmark date. The issuance targets this time will be no more than 35 specific investors, and the final issuance targets will be determined in accordance with relevant regulations after passing the review of the Shenzhen Stock Exchange and obtaining approval from the China Securities Regulatory Commission.