Huatai Securities: Subsidiary Rizhao Huatai has not directly signed supply agreements with Huawei and Xiaomi.

On November 13th, Huatai Stock stated on its interactive platform that its wholly-owned subsidiary, Rizhao Huatai, has not directly signed supply agreements with Huawei and Xiaomi. However, the black cardboard and kraft paper produced by the company can meet the procurement standards of the above-mentioned enterprise packaging suppliers and indirectly serve the packaging needs of related electronic products through downstream supply chains.