Hebai Group announced that the company held the 14th interim meeting of the 10th board of directors on October 20, 2026 to review and pass the bill to liquidate and cancel Anhui Baidou Port Cross-border E-commerce Co., Ltd. The company has a registered capital of 12 million yuan, a net loss of 4.225 million yuan in 2025, no revenue and net profit of 14,800 yuan from January to June 2026, and no actual operation since 2026. The cancellation was unable to be implemented due to customs policy adjustments in related business. The company plans to optimize equity investment and clean up inefficient assets. After the cancellation, the company will withdraw from the scope of the consolidated statement, and the impact on profit and loss will be determined after the liquidation is completed.

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