Baoye Group Company Limited announced that due to the administrative division adjustment, Yangxunqiao Town has been renamed as Yangxunqiao Subdistrict. The registered address of the Company has been changed from Yangxunqiao Town, Keqiao District, Shaoxing City, Zhejiang Province, PRC to Yangxunqiao Subdistrict, Keqiao District, Shaoxing City, Zhejiang Province, PRC with effect from 26 March 2021.