CHENMING PAPER (01812): Part of the controlling shareholder's shares are to be judicially auctioned.

CHENMING PAPER (01812) announced that the company recently received a letter from its controlling shareholder, Chenming Holdings, informing it that approximately 21.2006 million A-shares held by Chenming Holdings in the company are proposed to be judicially auctioned. As of the disclosure date of this announcement, Chenming Holdings held 799,086,869 shares in the company. If all the shares to be judicially auctioned this time are sold and registered for transfer, Chenming Holdings' shareholding in the company will decrease from 799,086,869 shares to 777,886,286 shares, and its proportion of the company's total shares will decrease from 27.17% to 26.45%. The above judicial auction matter will not result in a change in control of the company, nor will it have a material adverse impact on the company's governance structure or going concern.