Bai'ao Chemical's controlling shareholder Tongyun Investment pledges 33.36 million shares, with the total pledged ratio reaching 58.06%

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Dalian Bai’ao Chemical Co., Ltd. (Stock Code: 603360, hereinafter referred to as “Bai’ao Chemical”) announced on March 28, 2026 that its controlling shareholder, Dalian Tongyun Investment Co., Ltd. (hereinafter referred to as “Tongyun Investment”), has recently completed two share pledge transactions, totaling 33.36 million shares pledged, accounting for 4.73% of the company’s total share capital.

According to the announcement, on March 25, 2026 and March 26, 2026 respectively, Tongyun Investment pledged the 16.36 million shares and 17.00 million shares it held of unrestricted circulating shares to Xizang Trust Co., Ltd. and Industrial Bank Securities Co., Ltd., respectively. The pledged financing funds are mainly used to replace prior pledges and for production and operations.

• | 33,360,000 |
• |
• |
• | 15.76% | 4.73% |
• |

As of the date of this announcement, Tongyun Investment holds 211,581,520 shares of Bai’ao Chemical, accounting for 29.96% of the company’s total share capital. After completion of this pledge, its cumulative number of pledged shares reaches 122,840,000 shares, accounting for 58.06% of its total shares held and 17.39% of the company’s total share capital. Notably, among the pledged shares, there are no restricted or frozen shares of any kind, and the unpledged shares also have no restricted or frozen shares.

The announcement also disclosed Tongyun Investment’s future pledge maturity schedule. The data shows that within the next six months, 38.48 million shares pledged will mature, corresponding to a financing balance of 300 million yuan; within the next year, a total of 84.36 million pledged shares will mature, corresponding to a financing balance of 552.56 million yuan. The company stated that Tongyun Investment currently has good creditworthiness and has the corresponding ability to repay funds; it plans to use its own funds and self-raised funds as sources for repayment.

Bai’ao Chemical emphasized that the controlling shareholder’s share pledges will not have a material impact on the company’s business activities or corporate governance. There is no situation where Tongyun Investment engages in non-operational fund occupation, provides illegal guarantees, or related-party transactions that would impair the company’s interests. If later any early-warning or liquidation risk is triggered, Tongyun Investment will take measures such as supplementary pledges and early repayments to mitigate the risk. The company will continue to monitor changes in the shareholders’ share pledges and promptly fulfill its information disclosure obligations.

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