Baosheng Co., Ltd. announced that the company plans to terminate the “special polymer cable material project with an annual output of 200,000 tons”. The savings raised of 257 million yuan and the proceeds will be used to permanently supplement working capital. As of November 30, 2025, the project has used a total of 152 million yuan of raised capital, and after adjustments, it plans to use the raised capital to invest 409 million yuan. The matter of terminating some of the fund-raising projects and permanently supplementing the remaining funds raised with working capital still needs to be submitted to the company's shareholders' meeting for consideration.

Baosheng Co., Ltd. announced that the company plans to terminate the “special polymer cable material project with an annual output of 200,000 tons”. The savings raised of 257 million yuan and the proceeds will be used to permanently supplement working capital. As of November 30, 2025, the project has used a total of 152 million yuan of raised capital, and after adjustments, it plans to use the raised capital to invest 409 million yuan. The matter of terminating some of the fund-raising projects and permanently supplementing the remaining funds raised with working capital still needs to be submitted to the company's shareholders' meeting for consideration.