Market Overview - On August 22, the paper sector rose by 0.15% compared to the previous trading day, with ST Chenming leading the gains [1] - The Shanghai Composite Index closed at 3825.76, up 1.45%, while the Shenzhen Component Index closed at 12166.06, up 2.07% [1] Individual Stock Performance - ST Chenming (code: 000488) closed at 2.37, with a gain of 3.95% and a trading volume of 603,600 shares, amounting to a transaction value of 142 million yuan [1] - Songyang Resources (code: 603863) closed at 18.42, up 1.88%, with a trading volume of 99,000 shares and a transaction value of 180 million yuan [1] - Yueyang Lin Paper (code: 600963) closed at 4.92, up 1.23%, with a trading volume of 454,200 shares [1] - Other notable performances include Xianhe Co. (code: 603733) up 1.13% and Sun Paper (code: 002078) up 0.62% [1] Capital Flow Analysis - The paper sector experienced a net outflow of 13.74 million yuan from institutional investors and 51.49 million yuan from speculative funds, while retail investors saw a net inflow of 65.23 million yuan [2] - The capital flow for individual stocks shows that Yueyang Lin Paper had a net outflow of 37.78 million yuan from institutional investors [3] - Qi Feng New Materials (code: 002521) had a net inflow of 16.99 million yuan from institutional investors, while Sun Paper had a net inflow of 16.90 million yuan [3]

岳阳林纸股份有限公司 600963 2025 年第二次临时股东大会资料 二〇二五年八月二十九日 议程安排 一、会议召集人：公司董事会 二、会议召开的日期、时间： 现场会议召开时间：2025 年 8 月 29 日 13 点 30 分 网络投票起止时间：自 2025 年 8 月 29 日至 2025 年 8 月 29 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东大会召开当日的交易时间段，即 9:15-9:25，9:30-11:30，13:00-15:00；通 过互联网投票平台的投票时间为股东大会召开当日的 9:15-15:00 三、会议的表决方式：现场投票与网络投票相结合 四、现场会议地点：湖南省岳阳市云溪区新港多式联运物流园 001 号岳阳林 纸办公楼 19 楼会议室 五、股权登记日：2025 年 8 月 22 日 六、会议出席对象 1、在股权登记日 2025 年 8 月 22 日持有公司股份的股东。于股权登记日下 午收市时中国证券登记结算有限责任公司上海分公司登记在册的公司全体股东 均有权出席股东大会，并可以以书面形式委托代理人出席会议和参加表决。该代 理人不必是公司股东。 2、 ...

Group 1 - The Ministry of Ecology and Environment has released a notice for the third batch of CCER methodology, which will benefit the biomass power generation industry [2] - Yueyang Lin Paper's subsidiary, Hunan Juntai New Materials Technology Co., Ltd., has a biomass power generation project that fully complies with the new CCER methodology, enhancing the project's economic viability and promoting sustainable development in renewable energy [2] - Juntai Technology is expected to generate 540 million kWh of biomass power in 2024, becoming a key growth point for the company's revenue and cost reduction [2] Group 2 - Yueyang Lin Paper is looking to expand into international markets, leveraging its technical advantages and project experience in carbon sink development [3] - The company plans to engage in international carbon trading and project development, collaborating with advanced international enterprises to explore new pathways for carbon reduction [3] - This international expansion aims to enhance the company's competitiveness and serve as a bridge for China's carbon sink technology and standards to reach the global stage [3]

Core Viewpoint - The paper industry sector experienced a 0.5% increase on August 20, with Annie Co. leading the gains, while the overall market indices also showed positive performance [1]. Group 1: Market Performance - The Shanghai Composite Index closed at 3766.21, up 1.04% [1]. - The Shenzhen Component Index closed at 11926.74, up 0.89% [1]. Group 2: Individual Stock Performance - Annie Co. (002235) closed at 9.04, with a rise of 4.15%, and a trading volume of 1.4162 million shares, totaling a transaction value of 1.258 billion [1]. - BoHui Paper (600966) closed at 5.31, up 3.31%, with a trading volume of 204,000 shares, totaling 106 million [1]. - QiFeng New Materials (002521) closed at 9.07, increasing by 2.14%, with a trading volume of 114,200 shares, totaling 104 million [1]. - Forest Packaging (605500) closed at 10.24, up 1.69%, with a trading volume of 147,300 shares, totaling 150 million [1]. - Hengfeng Paper (600356) closed at 9.28, increasing by 1.64%, with a trading volume of 49,900 shares, totaling 45.9795 million [1]. - Minfeng Special Paper (600235) closed at 6.63, up 1.38%, with a trading volume of 78,900 shares, totaling 52.0111 million [1]. - Yibin Paper (600793) closed at 25.59, increasing by 1.35%, with a trading volume of 69,800 shares, totaling 178 million [1]. - Qingshan Paper (600103) closed at 2.36, up 1.29%, with a trading volume of 489,200 shares, totaling 1.15 billion [1]. - Rongsheng Environmental Protection (603165) closed at 12.55, increasing by 1.13%, with a trading volume of 36,600 shares, totaling 45.8246 million [1]. - Guanmeng High-tech (600433) closed at 3.17, up 0.96%, with a trading volume of 185,600 shares, totaling 58.3962 million [1]. Group 3: Capital Flow - The paper sector saw a net inflow of 101 million from main funds, while retail funds experienced a net outflow of 11.7049 million [2].

Market Overview - The paper sector increased by 0.57% on August 18, with Hengda New Materials leading the gains [1] - The Shanghai Composite Index closed at 3728.03, up 0.85%, while the Shenzhen Component Index closed at 11835.57, up 1.73% [1] Individual Stock Performance - Hengda New Materials (301469) closed at 31.69, up 5.95% with a trading volume of 50,600 and a turnover of 158 million [1] - ST Morning (000488) closed at 2.30, up 3.60% with a trading volume of 477,500 and a turnover of 109 million [1] - BoHui Paper (600966) closed at 5.17, up 2.78% with a trading volume of 315,500 and a turnover of 164 million [1] - Other notable performers include Minshida (833394) up 2.67%, Huawang Technology (605377) up 2.58%, and Hengfeng Paper (600356) up 2.46% [1] Capital Flow Analysis - The paper sector experienced a net outflow of 57.59 million from institutional investors and 13.46 million from speculative funds, while retail investors saw a net inflow of 71.05 million [2] - Notable net inflows from retail investors were observed in Sun Paper (002078) with 49.32 million, and Hengfeng Paper (600356) with 14.96 million [3] - Conversely, significant net outflows from institutional investors were noted in Sun Paper (-36.67 million) and Hengda New Materials (-28.62 million) [3]

本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： ?增资标的：全资子公司湖南茂源林业有限责任公司（以下简称"茂源林业"） ?增资方式及金额：岳阳林纸股份有限公司（以下简称"公司"）以债权转 证券代码：600963 证券简称：岳阳林纸 公告编号：2025-037 岳阳林纸股份有限公司 关于以债权转股权对全资子公司增资的公告 注册资本：47,148 万元 企业类型：有限责任公司(非自然人投资或控股的法人独资) 注册地址：中国（湖南）自由贸易试验区岳阳片区长江大道西新港多式联运 物流园 006 号 股权方式向茂源林业增资 14 亿元 ?本次增资事项无需提交股东大会审议，不构成关联交易，亦不构成《上市 公司重大资产重组管理办法》规定的重大资产重组。 一、 本次以债权转股权方式增资概述 公司于 2025 年 8 月 13 日召开第八届董事会第四十四次会议，审议通过了 《关于以债权转股权对全资子公司增资的议案》，同意以债权转股权方式向全资 子公司茂源林业增资 14 亿元，增资完成后，茂源林业注册资本将由 47,148 万元 ...

Meeting Overview - The 44th meeting of the 8th Board of Directors of Yueyang Lin Paper Co., Ltd. was held on August 13, 2025, in Yueyang, Hunan Province, with all 7 directors present [1][2]. Key Resolutions - The board unanimously approved the proposal to abolish the supervisory board, transferring its powers to the audit committee of the board, and to revise the company’s articles of association and related rules [2][3]. - The board appointed Mr. Chen Jinxin as the vice general manager, with his term lasting until the end of the current board's tenure [2][3]. - The board approved a proposal to purchase equity in an affiliated company, which will result in the target company becoming a wholly-owned subsidiary [3][4]. - A resolution was passed to increase capital in a wholly-owned subsidiary through debt-to-equity conversion [4]. - The board decided to convene the second extraordinary general meeting of shareholders in 2025 on August 29, 2025 [4][5]. Management Appointment - Mr. Chen Jinxin, born in July 1976, holds a master's degree and has extensive experience in various managerial roles within the company and related organizations [6].

Group 1 - The core point of the article is that Yueyang Forest and Paper has announced the approval of multiple proposals, including the cancellation of the supervisory board and the revision of related rules [2] Group 2 - The announcement was made during the fourth-fourth meeting of the eighth board of directors [2] - The decision reflects a significant governance change within the company [2] - The company aims to streamline its operations and improve decision-making processes through these changes [2]

证券日报网讯 8月13日晚间，岳阳林纸发布公告称，公司于2025年8月13日召开第八届董事会第四十四 次会议，审议通过了《关于以债权转股权对全资子公司增资的议案》，同意以债权转股权方式向全资子 公司湖南茂源林业有限责任公司（简称"茂源林业"）增资14亿元，增资完成后，茂源林业注册资本将由 47，148万元增加至187，148万元。本次增资无需提交股东大会审议。 （编辑 任世碧） ...

Group 1 - The company Yueyang Lin Paper plans to increase its wholly-owned subsidiary Maoyuan Forestry's registered capital by 1.4 billion yuan through debt-to-equity conversion, raising the total from 471 million yuan to 1.871 billion yuan [1] - The total assets of Maoyuan Forestry are reported to be 3.439 billion yuan, with total liabilities of 2.961 billion yuan, resulting in a debt-to-asset ratio of 86% [1] - The capital increase aims to respond to state-owned asset management needs and strategic transformation, as mandated by the State-owned Assets Supervision and Administration Commission [1][2] Group 2 - Following the capital increase, Maoyuan Forestry's debt-to-asset ratio is expected to decrease to approximately 45%, improving its financial structure and risk resilience [2] - The paper industry has been experiencing a downturn, but Yueyang Lin Paper has managed to turn a profit through asset integration, projecting a net profit of 130 million to 156 million yuan for the first half of 2025 [3] - The company has seen a 60% year-on-year increase in finished paper exports from January to July this year, indicating a successful expansion in market reach [3] Group 3 - The paper industry is currently witnessing a price increase trend, driven by rising raw material costs and improved demand expectations [3][4] - The market for corrugated and boxboard paper has shown signs of easing supply-demand dynamics, with downstream packaging manufacturers increasing their procurement activities [4] - Analysts suggest that the paper industry, characterized by imbalanced supply and demand, is likely to benefit from the current market conditions as it stabilizes at a low profitability level [4]