Summary of Key Points Core Viewpoint - Wuzhou Special Paper (605007.SH) announced the results of the share reduction plan implemented by shareholders Lin Wanming and Zhao Yunfei, indicating a strategic move in their shareholding structure [1] Group 1: Share Reduction Details - Lin Wanming reduced his holdings by a total of 1.2408 million shares, representing 0.26% of the company's total share capital [1] - Zhao Yunfei reduced her holdings by a total of 480,900 shares, representing 0.10% of the company's total share capital [1] - The reduction plan's time frame will conclude on November 28, 2025, marking a significant milestone for the company's shareholder dynamics [1]

Company Summary - Wuzhou Special Paper announced that shareholders Lin Wanming and Zhao Yunfei have completed their share reduction plan, with Lin reducing approximately 1.24 million shares (0.26% of total shares) and Zhao reducing approximately 480,000 shares (0.10% of total shares) through centralized bidding [1] - As of the report date, Wuzhou Special Paper's market capitalization is 5.6 billion yuan [1] Industry Summary - In 2024, Wuzhou Special Paper's revenue composition is heavily weighted towards the paper industry, accounting for 99.78%, while other businesses contribute only 0.22% [1]

| 证券代码：605007 | 证券简称：五洲特纸 | 公告编号：2025-078 | | --- | --- | --- | | 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 股东减持股份结果公告 本公司董事会、全体董事及相关股东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： 股东持股的基本情况 本次减持计划实施前，五洲特种纸业集团股份有限公司（以下简称"公司"） 控股股东、实际控制人之一致行动人林万明先生持有公司股份 1,240,818 股，占 公司当时总股本的 0.26%；控股股东、实际控制人之一致行动人赵云飞女士持有 公司股份 1,240,900 股，占公司当时总股本的 0.26%。 减持计划的实施结果情况 公司于 2025 年 8 月 7 日在上海证券交易所网站（www.sse.com.cn）披露了 《五洲特种纸业集团股份有限公司股东减持股份计划公告》（以下简称"《股东减 持股份计划公告》"）（公告编号：2025-050），因自身资金需求，林万明先生拟通 过集中竞价交易方式减持其持有 ...

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]

Core Viewpoint - The controlling shareholder and actual controller of Wuzhou Special Paper, Lin Wanming and Zhao Yunfei, announced a share reduction plan due to personal funding needs, which has now been completed [1] Group 1: Share Reduction Details - Lin Wanming plans to reduce holdings by no more than 1,240,818 shares, accounting for 0.26% of the total share capital at that time [1] - Zhao Yunfei plans to reduce holdings by no more than 480,900 shares, accounting for 0.10% of the total share capital at that time [1] - As of November 28, the reduction period has ended, with Lin Wanming having reduced 1,240,818 shares for a total amount of 14.8982 million yuan, and Zhao Yunfei having reduced 480,900 shares for a total amount of 5.6018 million yuan [1]

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 ...