Minfeng Special Paper: Intends to reevaluate and list for sale idle equipment worth 105 million yuan.

Minfeng Paper announced that the company plans to reevaluate the assets, including equipment, in the Nanhu factory area and sell them through Jiaxing Property Rights Company in an open bidding manner. The initial listing price shall not be lower than the reevaluation value of 105 million yuan, and the final transfer price shall be based on the listing transaction price. The previous four listings were all unsuccessful, and this transaction does not constitute a related-party transaction or a major asset restructuring, and still requires approval by the shareholders' meeting. There is uncertainty regarding the acquirer and the transaction price, as well as the risk of no one bidding and canceling the listing.