Baida Group Co.,Ltd announced that the company's stocks had a cumulative deviation of 20% in the closing prices for two consecutive trading days on October 30th and October 31st, which is considered as abnormal stock trading fluctuation. After self-inspection and verification with the controlling shareholder and the actual controller through letters, it was confirmed that the controlling shareholder and the actual controller did not use Baida Group Co.,Ltd as a shell company to realize the listing plan of New Xio Elevator Group. The current production and operation of the company are normal, and there are no significant matters that should be disclosed but have not been disclosed.