Best Essence: Intends to repurchase shares of 25-50 million yuan for cancellation.

Baipes announced that the company plans to use its own and self-raised funds to repurchase shares through centralized bidding, with a repurchase fund of 25-50 million yuan, and the repurchase price not exceeding 60 yuan per share. Calculated at the upper limit, it is expected to repurchase 833,300 shares, accounting for 0.50% of the total share capital; calculated at the lower limit, it is expected to repurchase 416,700 shares, accounting for 0.25%. The repurchased shares will be used for cancellation and reduction of registered capital. The implementation period is within 6 months from the date of approval of the shareholder meeting. The plan has been approved by the second extraordinary shareholders' meeting in 2026. There are risks in this repurchase that may prevent smooth implementation.