Hengfeng Paper Industry: Additional shares issued for an asset acquisition via share issuance—30.80 million shares

Hengfeng Paper Industry announces that the issue price for this share issuance to purchase assets is 8.25 yuan per share; the number of newly issued shares for this asset purchase is 30.8051 million shares; the newly issued shares for this asset purchase have been registered with the Shanghai branch of China Securities Depository and Clearing Corporation Limited on March 4, 2026; the nature of the newly issued shares is restricted circulating shares, which can be listed and traded on the Shanghai Stock Exchange on the trading day following the expiration of the lock-up period, and the lock-up period starts from the end of the share issuance; after the completion of this share issuance to purchase assets, the total share capital of the listed company will increase to 330 million shares, and the company’s shareholding structure still meets the stock listing conditions stipulated by the Company Law, Securities Law, and Listing Rules, among other laws and regulations.