Xinjufeng: The resumption of trading for its subsidiary Funmei Packing faces uncertainty.

The announcement from Xinjufeng states that after the completion of the company's tender offer for Funmei Packaging, its public shareholding will be less than 25%. Funmei Packaging's shares will be suspended from trading starting February 19, 2025. It is expected that Funmei Packaging will be continuously suspended for 18 months until August 18, 2026. If it fails to fulfill all the resumption guidelines and obtain approval from the Hong Kong Stock Exchange to resume trading by that date, its listing status may be canceled. Currently, Funmei Packaging has not completed all resumption requirements and intends to apply for an extension of the deadline for fulfilling the resumption guidelines, and there is uncertainty regarding whether this application will be approved. Funmei Packaging's daily operations remain normal, and the change in its listing status will not have a significant adverse impact on the company or its core business.