Baotai Co., Ltd. announced that on December 10, 2025, the company received the “Notice on Accepting the Application for Issuance of Securities by Baoji Titanium Co., Ltd. Shanghai Main Board Listed Company” issued by the Shanghai Stock Exchange. The Shanghai Stock Exchange checked the prospectus and related application documents submitted by the company for securities issued by companies listed on the Shanghai Main Board, and decided to accept them and review them in accordance with the law. The issue of the company's current issuance of convertible corporate bonds to unspecified targets still needs to be reviewed by the Shanghai Stock Exchange and obtained a decision from the China Securities Regulatory Commission to agree to register before it can be implemented. There is still uncertainty about whether it will eventually pass the review and when.

Baotai Co., Ltd. announced that on December 10, 2025, the company received the “Notice on Accepting the Application for Issuance of Securities by Baoji Titanium Co., Ltd. Shanghai Main Board Listed Company” issued by the Shanghai Stock Exchange. The Shanghai Stock Exchange checked the prospectus and related application documents submitted by the company for securities issued by companies listed on the Shanghai Main Board, and decided to accept them and review them in accordance with the law. The issue of the company's current issuance of convertible corporate bonds to unspecified targets still needs to be reviewed by the Shanghai Stock Exchange and obtained a decision from the China Securities Regulatory Commission to agree to register before it can be implemented. There is still uncertainty about whether it will eventually pass the review and when.