Chongqing Baiya Hygiene Products Co., Ltd. (hereinafter referred to as "the Company") disclosed the "Pre-disclosure Announcement on Share Reduction by Shareholders Holding Over 5% and Company Directors" (Announcement No.: 2026-001) on January 30, 2026. The shareholder holding over 5% of the Company's shares, Chongqing Hongwang Yaohui Investment Co., Ltd. (hereinafter referred to as "Hongwang Yaohui"), planned to reduce its holdings by no more than 3,938,000 shares, or 0.92% of the total share capital, within three months starting from 15 trading days after the announcement. Director Mr. Xie Qiulin, holding 1,433,100 shares (0.33% of the total share capital), planned to reduce his holdings by no more than 358,000 shares, or 0.08% of the total share capital, within the same timeframe. In total, Hongwang Yaohui and Mr. Xie planned to reduce their holdings by no more than 4,296,000 shares, or 1% of the total share capital.
Recently, the Company received notifications from Hongwang Yaohui and Mr. Xie regarding the reduction results. From March 25, 2026, to May 26, 2026, they cumulatively reduced their holdings by 4,280,000 shares through centralized bidding, accounting for 0.99% of the total share capital. After this change, their combined shareholding decreased from 12.80% to 11.81%, reaching the 1% threshold. Consequently, Hongwang Yaohui and Mr. Xie decided to terminate the reduction plan early, and no further shares will be reduced within the remaining period of the plan.