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]

Core Viewpoint - The company held its first temporary board meeting of 2025 on August 15, 2025, where several key proposals were approved, including employee stock ownership plans and a capital increase for its subsidiary [1][36]. Group 1: Employee Stock Ownership Plans - The board approved the "Navigator Employee Stock Ownership Plan (Draft)" and its summary, which will be submitted to the shareholders' meeting for voting [1][4]. - The board also approved the "Navigator Employee Stock Ownership Plan Management Measures," which will also be submitted to the shareholders' meeting for voting [5][8]. - The board proposed to authorize the board to handle matters related to the Navigator Employee Stock Ownership Plan, including establishment, implementation, and modifications [9][12]. - The "Striver Employee Stock Ownership Plan (Draft)" and its summary were also approved and will be submitted to the shareholders' meeting for voting [13][16]. - The board approved the "Striver Employee Stock Ownership Plan Management Measures," which will be submitted to the shareholders' meeting for voting [17][20]. Group 2: Financial Matters - The company announced a change in accounting estimates regarding the provision for bad debts for receivables within the consolidated scope of related parties, which was approved by the audit committee [25][66]. - The company plans to increase capital for its wholly-owned subsidiary, Hong Kong Bofeng Holdings International Limited, with an amount of $165.274 million, raising its registered capital from $50,000 to $16.5324 million [76][80]. Group 3: Governance and Management - The company appointed Xu Shanbin as the vice president, with a term aligned with the current board of directors [29][30]. - The first temporary shareholders' meeting of 2025 is scheduled for September 1, 2025, to vote on the approved proposals [49][50].

Group 1 - The company, Bohui Paper, announced the approval of multiple proposals during its first temporary supervisory board meeting of 2025 [2] - The announcement was made on the evening of August 15 [2] - The proposals included discussions regarding the company and its summary [2]

Group 1 - The company, Bohui Paper, announced the approval of multiple proposals during its first temporary board meeting of 2025 [2] - The announcement was made on the evening of August 15 [2] - The proposals included the company's summary and other related matters [2]

Group 1 - The core business of Bohui Paper Industry consists of 97.77% from the paper manufacturing sector and 2.23% from other businesses for the year 2024 [1] - Bohui Paper Industry announced on August 15 that it will hold its first extraordinary board meeting of 2025 on August 15, 2025 [3] - The company plans to increase capital for its wholly-owned subsidiary, Hong Kong Bofeng Holdings International Limited, with an investment of approximately 165 million USD, raising the subsidiary's registered capital from 50,000 USD to about 165 million USD [3]

Core Viewpoint - Bohui Paper Industry (SH 600966, closing price: 5.03 yuan) announced the convening of its first temporary board meeting for 2025 on August 15, 2025, to review various proposals including those related to the company and its summary [2] Group 1: Company Financials - For the year 2024, Bohui Paper's revenue composition is as follows: the paper manufacturing segment accounts for 97.77%, while other businesses contribute 2.23% [2]

证券代码：600966 证券简称：博汇纸业 编号：临 2025-018 山东博汇纸业股份有限公司 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。 山东博汇纸业股份有限公司（以下简称"公司"）2025 年第一次临时董事会会 议于 2025 年 8 月 12 日以书面、邮件、电话相结合的方式发出通知，于 2025 年 8 月 15 日在公司办公楼二楼第三会议室，以现场、视频参会相结合的方式召开，符合 《公司法》和《公司章程》规定。本次应参加会议董事 7 人，实际参加会议董事 7 人，公司监事会成员和高管人员列席了会议，公司董事长林新阳先生主持本次会议， 会议以举手表决方式审议通过以下议案： 一、《关于公司 <领航者员工持股计划 草案="草案"> 及其摘要的议案》 详情请见公司同日刊登于上海证券交易所网站 （http://www.sse.com.cn）的《山 东博汇纸业股份有限公司领航者员工持股计划（草案）》及其摘要。 该议案已经公司董事会薪酬与考核委员会、职工代表大会审议通过。 三、《关于提请股东大会授权董事会办理公司领航者员工持 ...

山东博汇纸业股份有限公司监事会 二○二五年八月十六日 证券代码：600966 证券简称：博汇纸业 编号：临 2025-019 山东博汇纸业股份有限公司 本公司监事会及全体监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。 山东博汇纸业股份有限公司（以下简称"公司"或"本公司"）2025 年第一次 临时监事会会议于 2025 年 8 月 12 日以书面、邮件、电话相结合的形式发出通知， 于 2025 年 8 月 15 日在公司办公楼二楼会议室召开，符合《公司法》和《公司章程》 规定。会议应参加会议监事 3 人，实际参加会议监事 3 人，公司监事会召集人程晨 先生主持了本次会议。会议以举手表决的方式审议通过以下议案： 一、《关于公司 <领航者员工持股计划 草案="草案"> 及其摘要的议案》 详情请见公司同日刊登于上海证券交易所网站 （http://www.sse.com.cn）的《山 东博汇纸业股份有限公司领航者员工持股计划（草案）》及其摘要。 该议案已经公司董事会薪酬与考核委员会审议通过。 本项议案同意票 3 票，反对票 0 票，弃权票 0 票。 本 ...

证券代码：600966 证券简称：博汇纸业 公告编号：2025-020 山东博汇纸业股份有限公司 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： ? 股东大会召开日期：2025年9月1日 ? 本次股东大会采用的网络投票系统：上海证券交易所股东大会网络投票 系统 一、 召开会议的基本情况 (一)股东大会类型和届次 (二)股东大会召集人：董事会 (三)投票方式：本次股东大会所采用的表决方式是现场投票和网络投票相结合的 方式 (四)现场会议召开的日期、时间和地点 召开的日期时间：2025 年 9 月 1 日 9 点 00 分 召开地点：淄博市桓台县马桥镇工业路北首公司第三会议室 (五)网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东大会网络投票系统 网络投票起止时间：自2025 年 9 月 1 日 至2025 年 9 月 1 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 ...

Core Viewpoint - The article outlines the management measures for the employee stock ownership plan of Shandong Bohui Paper Industry Co., Ltd., emphasizing compliance with relevant laws and regulations, voluntary participation, and risk-bearing principles for employees. Group 1: General Principles - The employee stock ownership plan must adhere to legal compliance, ensuring accurate and timely information disclosure, and preventing insider trading and market manipulation [2][3] - Participation in the plan is voluntary, with no forced allocation to employees [2] - Participants bear their own risks, with equal rights to other investors [2] Group 2: Plan Implementation Procedures - The board of directors and the compensation and assessment committee are responsible for drafting the plan, which must be approved by the employee representative assembly [3] - The supervisory board must assess whether the plan benefits the company's sustainable development and does not harm the interests of shareholders [3] - Legal opinions must be obtained to ensure compliance before the plan is presented to the shareholders' meeting [3] Group 3: Funding and Stock Sources - The plan's funding sources include employee self-raised funds, loans from major shareholders, and other legally permitted methods [6] - The plan aims to raise a total of 301.8 million yuan, with a subscription unit of 1 yuan per share, based on a predicted stock price of 5.03 yuan per share [6] - The stock will be sourced from shares repurchased by the company, with a total of 100,030,021 shares repurchased, accounting for 7.48% of the total share capital [6] Group 4: Plan Scale and Stock Purchase Price - The plan intends to hold no more than 60 million shares, representing approximately 4.49% of the company's total share capital [6] - The purchase price for the stocks will not be lower than the par value and will be adjusted based on the average trading price [7] Group 5: Lock-up Period and Performance Assessment - The lock-up period starts from the date the stocks are transferred to the plan and can be extended under certain conditions [8] - Performance assessments will be conducted at the company, business unit, and individual levels, with specific targets set for the first unlocking period [10] Group 6: Management Structure - The plan will be managed by a management committee elected by the holders' meeting, which will oversee daily operations and represent the interests of the plan holders [11] - The management committee is responsible for making decisions regarding stock disposal and distribution of benefits [14] Group 7: Rights and Obligations of Holders - Holders have rights to participate in meetings and vote, but their shares cannot be transferred or used for guarantees without management committee approval [17] - Holders must comply with the plan's rules and may face penalties for violations [21] Group 8: Termination and Changes to the Plan - The plan may be terminated if there is a change in actual control, merger, or division of the company [19] - Any changes to the plan require approval from two-thirds of the holders present at the meeting [19]