SUNSHINE PAPER (02002) Subsidiary Enters into Finance Lease Arrangements for Certain Equipment

SUNSHINE PAPER (02002) announced that on September 28, 2026, Xinmai Paper (a wholly-owned subsidiary of the Company, as seller and lessee) entered into an ownership transfer contract and a finance lease contract with Far East Horizon (as buyer and lessor), pursuant to which Far East Horizon has agreed, among other things, to acquire the leased assets from Xinmai Paper for a consideration of RMB170 million; and to lease the leased assets to Xinmai Paper during the lease term for a total lease amount of RMB181 million. The leased assets comprise certain equipment owned by Xinmai Paper and currently located at its plant in Changle Economic Development Zone, Weifang City, Shandong Province, China (mainly used for the production of coated white-top kraft linerboard), including a coater, a winder, a size press and other related equipment.