Poli Technology: Poli Technology Announcement Regarding the Transfer of Equity of its Wholly-Owned Subsidiary's Controlling Company

Baili Technology announced that its wholly-owned subsidiary, Baili Lithium Battery, will transfer its 40.1% equity stake in Wuxi Baiqing to Zhu Yuanyuan and Jia Shaohua for a cash consideration of 1 yuan. After the completion of the transaction, Baili Lithium Battery's shareholding in Wuxi Baiqing will decrease from 60% to 19.9%. This transaction aims to optimize resource allocation, focus on core business, and enhance the company's sustainable operational and profitability capabilities. The transaction will not have a significant impact on the company's existing business and operational development, nor will it have any adverse effects on the company's financial condition and operating results.