Beijing Baihua Yuebang Technology Co., Ltd. correction announcement

Stock code: 300736 Stock Abbreviation: Baibang Technology Announcement number: 2021-073

The Company and all members of the Board of Directors warrant that the contents of the announcement are true, accurate and complete and that there are no misrepresentations, misleading statements or material omissions.

On August 27, 2021, Beijing Baihua Yuebang Technology Co., Ltd. (hereinafter referred to as the "Company") disclosed the "Announcement on the Achievement of the Second Lifting of the Restriction Period of the 2019 Restricted Stock Incentive Plan" (Announcement No. 2021-069) and the "2021 Semi-annual Report" on the Juchao Information Network (http://www.cninfo.com.cn), and after post-audit, it was found that some of the contents of the above announcement need to be corrected, as follows:

Contents of the original announcement:

2. Explanation of the achievement of the conditions for lifting the restriction on the second release of the restricted stock

4. The Remuneration and Appraisal Committee of the Board of Directors shall verify the opinion of the Remuneration and Appraisal Committee on the lifting of the restriction on the second lifting period of the restricted stock incentive plan incentive object

The Remuneration and Appraisal Committee of the Board of Directors of the Company assessed the conditions for lifting the restriction on the second lifting period of the restricted stock granted by the Company, and verified the list of incentive objects, and the personal performance appraisal results of the 3 incentive objects were qualified, and the qualifications of the subjects were legal and valid. The company's operating performance, incentive objects and their individual performance appraisals are in line with the relevant provisions of the Administrative Measures for Equity Incentives of Listed Companies, the Company's 2019 Restricted Stock Incentive Plan (Draft) and the Company's 2019 Restricted Stock Incentive Plan Implementation Assessment and Management Measures, and the Remuneration and Appraisal Committee of the Board of Directors agreed that the Company shall handle the lifting of the restriction in accordance with relevant regulations.

After correction:

The Remuneration and Appraisal Committee of the Board of Directors of the Company assessed the conditions for lifting the restriction on the second lifting period of the restricted stock granted by the Company, and verified the list of incentive objects, and the personal performance appraisal results of the 3 incentive objects were good, and the qualifications of the subjects were legal and valid. The company's operating performance, incentive objects and their individual performance appraisals are in line with the relevant provisions of the Administrative Measures for Equity Incentives of Listed Companies, the Company's 2019 Restricted Stock Incentive Plan (Draft) and the Company's 2019 Restricted Stock Incentive Plan Implementation Assessment and Management Measures, and the Remuneration and Appraisal Committee of the Board of Directors agreed that the Company shall handle the lifting of the restriction in accordance with relevant regulations.

II. Semi-Annual Report 2021

14. Commitments and Contingencies

1. Important commitments

Significant commitments exist at the balance sheet date

(1) Undertakings to operate leases

Pursuant to the irrevocable operating lease contracts that have been entered into, the minimum rent payable by the Group in the future is summarized as follows:

In addition to the above, the other contents of the original announcement remain unchanged. The company sincerely apologizes for the inconvenience caused to investors by this correction, and the company will strengthen the review of relevant announcements in the future, improve the quality of information disclosure, and avoid the recurrence of similar errors.

This is hereby announced.

Beijing Baihua Yuebang Technology Co., Ltd

Board of Directors

September 2, 2020