Meliyun: Court ruled to accept the application for bankruptcy liquidation of the company's shareholders.

Meiyun Announcement: Meiyun Paper Group Limited, a shareholder of the company, has received a notice of acceptance of a case from the Intermediate People's Court of Zhongwei City, in which a creditor has applied for bankruptcy liquidation of Meiyun Paper Group. The court has registered the case on September 17, 2025. On the same day, the court issued a ruling to accept the creditor's application for bankruptcy liquidation of Meiyun Paper Group. Currently, the company's production and operation activities are normal, and the above matters will not have any adverse impact on the company's daily production and operation.