[Baiwei Storage: Prices of major storage products such as DRAM and NAND Flash have increased significantly since 2026. Optimistic about the medium- and long-term storage market opportunities brought by the development of the artificial intelligence industry] On October 23, Baiwei Storage (688525.SH) announced that the company is paying attention to the recent industry development trends and production and operation conditions that have received widespread attention from the market. Since 2026, due to factors such as the continued advancement of artificial intelligence computing infrastructure and the growth in storage demand from global data centers and cloud service manufacturers, the prices of major storage products such as DRAM and NAND Flash have increased significantly, and industry prosperity has increased. The company is optimistic about the mid- to long-term storage market opportunities brought about by the development of the artificial intelligence industry, and will continue to leverage its technological accumulation and industry synergy advantages in storage solutions, chip design, and advanced packaging and testing. Focusing on the fields of advanced storage, storage and computing packaging, and high-speed optoelectronic interconnection, the company continues to promote the research and development and industrial application of advanced packaging technologies such as FOMS, CMC, and OEC, and actively expands emerging application markets such as artificial intelligence computing power infrastructure to cultivate new growth momentum for the company's mid- to long-term development. The company completed the share repurchase on October 19, 2026, with a cumulative repurchase amount of approximately 250 million yuan. All the repurchased shares were used to cancel and reduce registered capital. Based on confidence in the company's future development prospects and recognition of long-term value, on October 15, 2026, the company's controlling shareholder, actual controller, and chairman Mr. Sun Chengsi once again proposed that the company repurchase the company's shares for RMB 200 million to 250 million yuan, and all the repurchased shares will be used to cancel and reduce registered capital. The company will actively respond to this repurchase proposal, promote the demonstration and related review procedures of a new round of share repurchase plans as soon as possible, and promote implementation in accordance with laws and regulations after performing necessary decision-making procedures.