Baiwei Storage: Holding subsidiary plans to raise no more than 600 million yuan to introduce investors.

Bawei Storage announced that its holding subsidiary, Guangdong Xincheng Hanqi, plans to increase its capital and introduce external investors. The total financing amount for this round will not exceed 600 million yuan, and the external investors are expected to hold no more than 23.0769% of the equity after the capital increase. The company and the original shareholders will waive their preemptive rights, and after the capital increase, the company's shareholding ratio will change to no less than 52.5186%. Guangdong Xincheng Hanqi will still be a holding subsidiary within the consolidated financial statements. The related party, Luoying Baichen, intends to subscribe for no more than 8 million yuan for a new registered capital not exceeding 4.1011 million yuan.