On November 27, 2024, Bai Rong Cloud Corporation completed the repurchase of 429,000 shares on the Hong Kong Stock Exchange for a total price of HK$3,988,160. The shares repurchased are intended to be written off and are not held as stock shares. The repurchase authorization resolution passed on June 21, 2024 authorizes the repurchase of up to 49,102,996 shares. As of now, 18,658,500 shares have been repurchased under the warrants, representing 3.8% of the shares issued on the date of the authorization resolution.The repurchase complies with the provisions of the Main Board Listing Rules and the GEM Listing Rules and has been formally approved by the Company's Board of Directors. After the repurchase, Bai RongYunchao will suspend any new share issuance or sale of stock shares until December 27, 2024. The Executive Director, Chairman and Chief Executive Officer Zhang Shaofeng confirmed that all procedures were in compliance with relevant legal and regulatory requirements.

On November 27, 2024, Bai Rong Cloud Corporation completed the repurchase of 429,000 shares on the Hong Kong Stock Exchange for a total price of HK$3,988,160. The shares repurchased are intended to be written off and are not held as stock shares. The repurchase authorization resolution passed on June 21, 2024 authorizes the repurchase of up to 49,102,996 shares. As of now, 18,658,500 shares have been repurchased under the warrants, representing 3.8% of the shares issued on the date of the authorization resolution.The repurchase complies with the provisions of the Main Board Listing Rules and the GEM Listing Rules and has been formally approved by the Company's Board of Directors. After the repurchase, Bai RongYunchao will suspend any new share issuance or sale of stock shares until December 27, 2024. The Executive Director, Chairman and Chief Executive Officer Zhang Shaofeng confirmed that all procedures were in compliance with relevant legal and regulatory requirements.