Core Viewpoint - The share reduction plan of Wuzhou Special Paper has been successfully completed, with significant share reductions by major shareholders Lin Wanming and Zhao Yunfei [1] Summary by Relevant Sections Shareholder Actions - Lin Wanming has reduced his holdings by 1,240,818 shares, representing 0.26% of the total share capital of the company [1] - Zhao Yunfei has reduced her holdings by 480,900 shares, representing 0.10% of the total share capital of the company [1] Current Shareholding Status - Following the completion of the reduction, Lin Wanming no longer holds any shares in the company [1] - Zhao Yunfei's shareholding has decreased from 0.26% to 0.16% [1] Compliance and Timeliness - The share reduction plan was completed on schedule, aligning with the previously disclosed plan [1] - The actions taken by the shareholders were in compliance with relevant laws and regulations [1]

五洲特纸公告称，控股股东、实际控制人之一致行动人林万明、赵云飞因自身资金需求，于2025年8月7 日披露减持计划。林万明拟减持不超1,240,818股（占当时总股本0.26%），赵云飞拟减持不超480,900股 （占当时总股本0.10%）。截至11月28日，减持时间区间届满，林万明累计减持1,240,818股，占目前总 股本0.26%，减持总金额1489.82万元；赵云飞累计减持480,900股，占目前总股本0.10%，减持总金额 560.18万元，二人减持计划均已完成。 ...

Group 1 - The company has signed a loan guarantee contract with a syndicate of banks to provide a joint liability guarantee for its subsidiary, Wuzhou Special Paper (Jiangxi), for a loan amount not exceeding 150,000 million yuan [2][12] - The collateral for the loan includes land located in the high-tech industrial park in Hukou County, ensuring that the company's daily operations remain stable and that the guarantee does not adversely affect the interests of the company or its shareholders, especially minority shareholders [2][7] - The total amount of external guarantees provided by the company and its subsidiaries is 840,225.60 million yuan, which accounts for 237.94% of the company's latest audited net assets attributable to shareholders [8] Group 2 - The company has approved a guarantee limit of up to 7 billion yuan for the year 2025, which includes various forms of guarantees such as credit guarantees, mortgage guarantees, and performance guarantees [3] - The guarantee period for the loan contract is set to three years from the effective date of the guarantee contract, extending to three years after any debt extension or early maturity declaration by the lender [5][6] - The company maintains effective control over the operational risks and decisions of its wholly-owned subsidiary, ensuring that the guarantee is necessary and reasonable for supporting its normal production operations [7] Group 3 - The company will pay interest on its convertible bonds on December 8, 2025, with a coupon rate of 1.50% for the fourth year, resulting in a payment of 1.50 yuan per bond [23][18] - The convertible bonds were issued on December 8, 2021, with a total issuance amount of 670 million yuan and a maturity period of six years [19][15] - The initial conversion price for the bonds was set at 18.50 yuan per share, with the latest conversion price adjusted to 13.65 yuan per share [12][15]

Key Points - The company will start paying interest on its convertible bonds, "特纸转债," from December 8, 2025, for the period from December 8, 2024, to December 7, 2025 [2][12] - The total issuance amount of the convertible bonds is RMB 670 million, with 6.7 million bonds issued at a face value of RMB 100 each [2][3] - The bond has a six-year term, from December 8, 2021, to December 7, 2027 [3] - The interest rates for the bonds increase annually, starting from 0.30% in the first year to 2.00% in the sixth year [4] - The annual interest payment will be made once a year, with the first payment scheduled for December 8, 2025, and the interest amount per bond will be RMB 1.50 (including tax) [4][12] - The bond's initial conversion price is RMB 18.50 per share, with the latest conversion price adjusted to RMB 13.65 per share [8] - The company's credit rating is "AA" with a stable outlook, and the bonds also hold an "AA" rating [9][10] - The company has provided a guarantee for its subsidiary, 五洲特纸（江西）, for a loan not exceeding RMB 150 million, ensuring it does not exceed the approved guarantee limit [19][20] - The total amount of guarantees provided by the company and its subsidiaries is RMB 840.23 million, which is 237.94% of the latest audited net assets attributable to shareholders [24]

证券日报网讯11月30日晚间，五洲特纸（605007）发布公告称，截至本公告披露日，公司及控股子公司 对外担保总额为840，225.60万元，占公司最近一期经审计归属于上市公司股东净资产的237.94%，对外 担保余额为474，699.16万元，占公司最近一期经审计归属于上市公司股东净资产的134.43%。截至本公 告披露日，公司无逾期担保。 ...

Core Points - Wuzhou Special Paper announced that its convertible bonds issued on December 8, 2021, will start paying interest from December 8, 2024, to December 7, 2025 [1] - The bond interest record date is December 5, 2025, with the ex-dividend date and payment date both set for December 8, 2025 [1] - The interest payment amount is 1.50 yuan per 100 yuan of bonds (including tax) [1]

五洲特种纸业集团股份有限公司 关于"特纸转债"2025年付息的公告 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： 五洲特种纸业集团股份有限公司（以下简称"公司"）于2021年12月8日公 开发行的可转换公司债券（以下简称"本期债券"或"特纸转债"）将于2025 年12月8日开始支付自2024年12月8日至2025年12月7日期间的利息。根据公司《公 开发行可转换公司债券募集说明书》（以下简称"《募集说明书》"）有关条款 的规定，现将有关事项公告如下： 一、可转债发行上市概况 | 证券代码：605007 | 证券简称：五洲特纸 | 公告编号：2025-076 | | --- | --- | --- | | 债券代码：111002 | 债券简称：特纸转债 | | I=B×i 可转债付息债权登记日：2025年12月5日 可转债除息日：2025年12月8日 可转债兑息日：2025年12月8日 本次每百元兑息金额（含税）：1.50元 1、债券简称：特纸转债 2、债券代码：111002 3、发行日期：2021 年 12 ...

| | 被担保人名称 | 五洲特种纸业（江西）有限公司（以 下简称"五洲特纸（江西）"） | | --- | --- | --- | | | 本次担保金额 | 万元 150,000.00 | | 担保对象 | 实际为其提供的担保余额 | 198,410.84 万元 | | | 是否在前期预计额度内 | □否 □不适用：_________ ☑是 | | | 本次担保是否有反担保 | 是 ☑否 □不适用：_________ | 累计担保情况 | 证券代码：605007 | 证券简称：五洲特纸 | 公告编号：2025-077 | | --- | --- | --- | | 债券代码：111002 | 债券简称：特纸转债 | | 五洲特种纸业集团股份有限公司 关于为控股子公司提供担保的进展公告 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： 担保对象及基本情况 | 对外担保逾期的累计金额（万元） | 0.00 | | --- | --- | | 截至本公告日上市公司及其控股 子公司对外担保总额（万元） | 840,2 ...

Market Overview - The paper sector experienced a decline of 2.79% on November 21, with Qingshan Paper leading the drop [1] - The Shanghai Composite Index closed at 3834.89, down 2.45%, while the Shenzhen Component Index closed at 12538.07, down 3.41% [1] Individual Stock Performance - Qingshan Paper (600103) saw a significant drop of 6.30%, closing at 3.42, with a trading volume of 1.74 million shares and a turnover of 609 million yuan [2] - Other notable declines included Minfeng Special Paper (600235) down 6.13% to 6.58, and Hengda New Materials (301469) down 5.74% to 28.25 [2] - Annie Co. (002235) was one of the few gainers, increasing by 1.29% to 8.62, with a trading volume of 2.09 million shares and a turnover of 1.82 billion yuan [1] Capital Flow Analysis - The paper sector saw a net outflow of 347 million yuan from institutional investors, while retail investors contributed a net inflow of 282 million yuan [2] - The main capital inflow was observed in stocks like Huawang Technology (605377) with a net inflow of 5.94 million yuan, while stocks like Qingshan Paper experienced a net outflow of 510,900 yuan [3]

Market Overview - The paper sector experienced a slight decline of 0.08% on November 20, with Jingxing Paper leading the drop [1] - The Shanghai Composite Index closed at 3931.05, down 0.4%, while the Shenzhen Component Index closed at 12980.82, down 0.76% [1] Individual Stock Performance - Annie Co. (002235) saw a significant increase of 9.95%, closing at 8.51, with a trading volume of 808,200 shares and a turnover of 680 million [1] - Yibin Paper (600793) rose by 3.31% to 22.78, with a trading volume of 63,900 shares and a turnover of 14.5 million [1] - Other notable performers included Bohui Paper (600966) up 2.25% and Minshida (920394) up 1.16% [1] Capital Flow Analysis - The paper sector had a net inflow of 191 million from institutional investors, while retail investors saw a net outflow of approximately 59.4 million [2] - The main capital inflow was concentrated in Annie Co. with a net inflow of 3.44 billion, representing 50.64% of its trading volume [3] - Other stocks like Yibin Paper and Bohui Paper also experienced positive net inflows from institutional investors [3]