Zhejiang Baida Precision Manufacturing Corp. announced that Mr. Ruan jilin, a shareholder holding more than 5% of the shares, plans to reduce the company's shares by 2 million shares, accounting for 0.99% of the total share capital, through centralized auction trading due to his own capital needs; and reduce the company's shares by 4 million shares, accounting for 1.98% of the total share capital, through block trades. The total reduction will not exceed 6 million shares, accounting for 2.97% of the total share capital. The reduction plan will be implemented from December 5, 2024, to March 4, 2025. If there are any share changes such as bonus shares, capital reserve conversion into share capital, or rights issue during this period, the number of shares to be reduced will be adjusted accordingly.