Yueyang Forest Paper announced that the wholly-owned subsidiary Chengtong Carbon Exchange signed a contract confirmation with the Magnolia Paddock State-owned Forest Farm in Hebei Province, and the first phase of the cooperative development project met the requirements of the national afforestation methodology for 77,800 mu of forestry. The contract period is 21 years, including the reporting period and the cooperation period. If the contract is successfully implemented, it will have a positive impact on the company's operating performance in the year the project is implemented.

Yueyang Forest Paper announced that the wholly-owned subsidiary Chengtong Carbon Exchange signed a contract confirmation with the Magnolia Paddock State-owned Forest Farm in Hebei Province, and the first phase of the cooperative development project met the requirements of the national afforestation methodology for 77,800 mu of forestry. The contract period is 21 years, including the reporting period and the cooperation period. If the contract is successfully implemented, it will have a positive impact on the company's operating performance in the year the project is implemented.