Jiamei Packaging: The controlling shareholder's stake has been passively diluted to 40.77% due to the conversion of convertible bonds.

Jiamei Packaging announced that as of January 21, 2026, due to the cumulative conversion of "Jiamei Convertible Bonds", the company's total share capital increased to 104870.9998 million shares. The shareholding ratio of Baohong Kong, the controlling shareholder, decreased from 41.80% to 40.77% due to passive dilution, with a change ratio of 1.03%. This equity change does not involve share increase or decrease holdings and tender offers, which will not change the company's control, governance structure, and continuous operating ability. "Jiamei Convertible Bonds" are still in the conversion period, and the company will continue to monitor and disclose shareholder equity changes in accordance with regulations.