Baida Group issued an announcement. The board of directors of the company requested the shareholders' meeting to authorize the company's management to continue rolling operations on the Bank of Hangzhou shares and take the opportunity to sell or buy them. According to the announcement, the transaction still needs to be submitted to the shareholders' meeting for review and approval. According to reports, at the beginning of 2023, the top 100 groups held 14.178,600 shares of the Bank of Hangzhou. From January 1, 2023 to December 31, 2023, the company reduced its holdings by 648,000 shares through the exchange stock trading system. The total transaction amount was 8.714 million yuan (excluding transaction fees), and the average transaction price was 13.45 yuan/share. As of the close of trading on December 31, 2023, the company held approximately 13.5306 million shares of the Bank of Hangzhou. The announcement stated that in order to improve the efficiency of the use of the company's assets and optimize the company's asset structure, it is requested that the management be authorized to continue rolling operations on the Bank of Hangzhou shares and take the opportunity to sell or buy them. The total amount of shares held after the sale is not higher than 20 million shares. The authorization period is 12 months from the date of review and approval by the shareholders' meeting. During the authorization period, the scope of disposal also includes additional shares of the Bank of Hangzhou due to allotments, share transfers, etc.