According to the announcement by Jiangsu Baichuan High-Tech New Materials (002455.SZ) on the Zhitong Financial APP, under the relevant terms of the agreement, the company should repurchase the 7.14% equity of Ningxia Baichuan Technology held by the Ningxia Industrial Guidance Fund before December 5, 2024, for a repurchase price of 50 million yuan. As of the date of this announcement, the company has completed this repurchase. After this repurchase, the company directly holds 85.71% of the equity of Ningxia Baichuan Technology.