Minfeng Paper: Intends to publicly list for sale unused equipment with an assessed value of 175 million yuan.

Minfeng paper announcement: The company plans to sell the unused equipment and other assets of the Nanhuchang Factory through the Jiaxing Property Trading Co., Ltd. by way of public listing. The initial listing price shall not be lower than the total evaluation value of the assets, which is RMB 175 million, and the final transfer price will be determined by the transaction price listed by the Jiaxing Property Company. This transaction aims to revitalize the company's assets, improve asset operational efficiency and liquidity. The transaction targets include the unused equipment and supporting spare parts of the original paper machines No. 5 to No. 22 and related branches of the company. The transaction is subject to approval by the company's shareholders' meeting, with risks related to uncertainties in the acquiring party and price.