BAIYA CORPORATION: Stops cooperation with professional recycling entities and will destroy defective products

On the evening of March 20th, BAIYA CORPORATION responded to the Shenzhen Stock Exchange's inquiry letter, stating that in response to media reports about the illegal recycling of the company's defective products, the company immediately established a special task force for a comprehensive investigation on the evening of March 15th. They also reported the incident to the public security authorities at the first opportunity and actively cooperated with market supervision and administration departments in various regions for the investigation. If any violations regarding the disposal of defective products are found, the company will hold accountable according to relevant laws and regulations as well as internal company policies