BaiBang Technology: Adjusts private placement plan, to raise no more than 399 million yuan to supplement working capital.

Baibang Technology announced that the company has reduced the total amount of funds raised from its 2026 targeted issuance of shares to specific targets from no more than RMB 400 million to no more than RMB 399 million, which, after deducting issuance expenses, will be used entirely to supplement working capital. Apart from the above adjustment, no other matters of the plan have changed. This adjustment does not require submission to the shareholders' meeting for deliberation, but still needs to pass review by the Shenzhen Stock Exchange and obtain registration approval from the China Securities Regulatory Commission.