Baichu Electronics announced that on May 25 and June 5, 2026, the company passed the review of the board of directors and shareholders' meeting respectively and agreed to add the holding subsidiary Baichu Precision as the implementing entity for the “Lithium Battery Welding Intelligent Solution and Industrialization Project” to raise funds of 41.25 million yuan to actually pay capital. The company has opened a special account at the Shanghai Minhang Branch of the Bank of Hangzhou, account number: 3101041060000419729. In July, the company signed the “Quadripartite Supervision Agreement” with the Bank and CITIC Securities to clarify the rights and obligations of all parties regarding the storage, management and use of funds raised.

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