According to Baotailong's announcement, the controlling shareholder Baotailong Group has received a decision on administrative supervision measures issued by the Heilongjiang Securities Regulatory Bureau. Polotailong Group promised to increase its holdings by 20-40 million shares within 12 months from June 21, 2024. Up to now, it has only increased its holdings by 10.18 million shares, which has not reached the lower limit of the plan to increase its holdings. The Heilongjiang Securities Regulatory Bureau decided to order corrective measures against it and record it in an honest file, requiring that a written rectification report be submitted within 30 days. The measure does not affect the company and does not affect daily operations.

According to Baotailong's announcement, the controlling shareholder Baotailong Group has received a decision on administrative supervision measures issued by the Heilongjiang Securities Regulatory Bureau. Polotailong Group promised to increase its holdings by 20-40 million shares within 12 months from June 21, 2024. Up to now, it has only increased its holdings by 10.18 million shares, which has not reached the lower limit of the plan to increase its holdings. The Heilongjiang Securities Regulatory Bureau decided to order corrective measures against it and record it in an honest file, requiring that a written rectification report be submitted within 30 days. The measure does not affect the company and does not affect daily operations.