Hunan Paile Technology Co., Ltd. acquired additional 9.81% stake in Hunan Baili Engineering Sci&Tech Co.,Ltd (SHSE:603959) from Tibet Xinhai New Venture Capital Co., Ltd. on October 17, 2025. Following the transaction, Hunan Paile Technology holds a 11.85% stake representing a 58,078,800 shares and Tibet Xinhai New Venture Capital holds a 11.83% stake representing a 58,026,350 shares in Hunan Baili Engineering.

Hunan Paile Technology Co., Ltd. completed the acquisition of additional 9.81% stake in Hunan Baili Engineering Sci&Tech Co.,Ltd (SHSE:603959) from Tibet Xinhai New Venture Capital Co., Ltd. on October 17, 2025