*ST Bagang announced that the company plans to act as a lessee to carry out financial leasing after-sales leaseback business with Cinda Financial Leasing Co., Ltd. with Cinda Financial Leasing Co., Ltd., with a financing amount of 600 million yuan, a period of 5 years, an actual estimated financing interest rate of 2.96%, no handling fees or security deposit, and the repayment method is equal rent/quarterly post-payment. This transaction does not constitute a related transaction or a major asset restructuring. It has been reviewed and approved by the 12th meeting of the 9th board of directors of the company, and there is no need to submit it to the shareholders' meeting for review. The transaction can optimize the company's debt structure, broaden financing channels, and not affect the use of related assets.

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