Baiji Shen Zhou: Establishing A-share fund-raising management system to regulate fund usage.

Baizhi Shenzhou announced that in order to regulate the management and use of funds raised in the A-share market, a fundraising management system has been established. The system stipulates that the funds raised should be deposited in a special account, and the company must sign a regulatory agreement with relevant parties. The funds raised should be used for the main business purposes as listed in the prospectus, and should not be used for financial investments, etc. In case of specific circumstances with the fundraising projects, a re-evaluation is required. Idle funds can be managed as cash or used to supplement working capital, and must be reviewed and disclosed. Any changes to the fundraising projects must go through legal procedures, and the company must truthfully and accurately disclose the use of funds, review progress every six months, and disclose a report. The system will take effect from the date of approval by the board of directors.