Mudanjiang Hengfeng Paper (600356.SH) plans to increase its share capital to acquire 100% equity of Jinfeng Paper Industry and will be suspended from trading starting from November 18th.

Announcement from Mudanjiang Hengfeng Paper (600356.SH): The company is planning to issue shares to acquire 100% equity of Sichuan Jinfeng Paper Co., Ltd. ("Jinfeng Paper") (referred to as "this transaction"). According to relevant regulations such as the "Management Measures for Significant Asset Restructuring of Listed Companies", this transaction is expected not to constitute a major asset restructuring, constitute a related party transaction, and will not result in a change of the actual controller of the company. As this transaction is still in the planning stage and there is uncertainty, in order to ensure fair information disclosure, protect the interests of investors, and avoid causing abnormal fluctuations in the company's stock price, the company has applied to the Shanghai Stock Exchange. The company's stock will be suspended from trading starting from Monday, November 18, 2024, and is expected to be suspended for no more than 10 trading days.