Baotaileong: Controlling shareholder failed to complete the increase in holdings plan by the deadline.

Announcement from Baotailong: The controlling shareholder of the company, Baotailong Group Limited, disclosed its plan to increase its holdings on June 21, 2024. The plan is to increase its holdings by 20-40 million shares within 12 months using its own or self-raised funds, at a price not exceeding 3.2 yuan per share. As of the announcement date, Baotailong Group has accumulated an increase of 10.018 million shares, accounting for 0.52% of the total share capital, with an amount of 19.3844 million yuan completed. 50%. Due to the loss of the company's main business in 2024, financial constraints, and the original plan to increase the shareholding funds being borrowed by the company for production and operation, and the recent long-term high stock price of the company, it is not possible to complete the commitment to increase holdings within the original deadline.