Baodi Mining announced that its 5% Shareholder Haiyi Investment will reduce its shareholding by 100 shares through centralized bidding on December 10, 2024, bringing its stake down from 5% to 5%, thus no longer being a Shareholder with over 5% holdings. This change in equity will not cause any shift in the company's controlling Shareholder or actual controller, nor will it impact the company's governance structure and ongoing Operation. Haiyi Investment's Shareholding reduction plan has not yet been fully implemented, and the company will continue to monitor its progress and fulfill its information disclosure obligations as required.