Hengfeng Paper Industry: Intends to issue shares to purchase 100% equity of Jinfeng Paper Industry, the prospectus has been revised.

Hengfeng Paper Industry announced that it plans to purchase 100% equity of Sichuan Jinfeng Paper Industry Co., Ltd. by issuing shares. The transaction does not constitute a major asset restructuring or restructuring for listing, but it constitutes a related party transaction. On January 23, 2026, the company received approval from the China Securities Regulatory Commission to issue shares for the purchase of assets. The draft was disclosed on January 1 and the transaction report was disclosed on January 24. Compared to the draft, the transaction report updated the fulfillment of approval procedures in the significant matters reminder and the first section. The expression "approval risk" was removed from the significant risk reminder and the twelfth section.