Baibang Technology: Private Placement Application Accepted by Shenzhen Stock Exchange

Baibang Technology announced that the company recently received a notification from the Shenzhen Stock Exchange regarding the acceptance of the application document for the issuance of shares to specific targets by Beijing Baihua Yuebang Technology Co., Ltd. The Shenzhen Stock Exchange deems the application documents complete and has decided to accept them. This issuance of shares to specific targets is subject to approval by the Shenzhen Stock Exchange and requires registration approval from the China Securities Regulatory Commission before it can be implemented.