Shandong Chenming Paper (01812) is planning to voluntarily apply for the dissolution of Chenming Financial Company.

Shandong Chenming Paper (01812) announced that Shandong Chenming Group Finance Limited Company (hereinafter referred to as "Chenming Finance Company") is a wholly-owned subsidiary of the company. Due to the fact that Chenming Finance Company's current business scope cannot effectively support the company's main business development and has increased the company's operating costs. In order to further focus on the development of the pulp and paper industry, improve asset management efficiency, reduce operating costs, increase company profitability, and achieve high-quality sustainable development, the company intends to voluntarily apply to the China Banking and Insurance Regulatory Commission for the dissolution of Chenming Finance Company.