Baiwang Co., Ltd. (06657) released its monthly return for the period ended October 31, 2025, showing no changes in share structure or registered share capital compared with the previous month.

According to the announcement, the total registered share capital remains at RMB 225,906,754, represented by 90,842,048 H shares (listed on the Hong Kong Stock Exchange) and 135,064,706 domestic shares. Neither H shares nor domestic shares experienced any increase, decrease, or treasury share activity during the reporting period. No share options, warrants, or convertible instruments were noted, and there were no other agreements or arrangements concerning share issuance.

All confirmations required by the relevant listing rules were completed, with both classes of shares remaining identical in terms of entitlement and rights.