On the evening of December 15, Chenming Paper announced on the Hong Kong Stock Exchange that on December 15, 2025, Zhanjiang Chenming Paper, Hong Kong Chenming and Shouguang Shengjia Investment Co., Ltd. signed an equity and loan transfer agreement. Based on this, the company and Hong Kong Chenming agreed to sell, and the buyer agreed to acquire target shares and target loans at a total cost of RMB 333.635.3 million. Once the sale is completed, the company will no longer have any interest in the target group. The company intends to divest all assets related to its financial leasing business through the sale of shares and loans in the target company. Once the sale is completed, the Group's daily business operations will remain essentially unchanged before and after completion. The Group will continue to focus on the main business of producing and selling paper products.

On the evening of December 15, Chenming Paper announced on the Hong Kong Stock Exchange that on December 15, 2025, Zhanjiang Chenming Paper, Hong Kong Chenming and Shouguang Shengjia Investment Co., Ltd. signed an equity and loan transfer agreement. Based on this, the company and Hong Kong Chenming agreed to sell, and the buyer agreed to acquire target shares and target loans at a total cost of RMB 333.635.3 million. Once the sale is completed, the company will no longer have any interest in the target group. The company intends to divest all assets related to its financial leasing business through the sale of shares and loans in the target company. Once the sale is completed, the Group's daily business operations will remain essentially unchanged before and after completion. The Group will continue to focus on the main business of producing and selling paper products.