景兴纸业股份回购进展及业务投资动态

Core Viewpoint - The company is actively repurchasing shares and investing in satellite technology and robotics through its subsidiaries, while also ramping up production capacity in its Malaysian recycled pulp project. Group 1: Share Repurchase - As of January 31, 2026, the company has repurchased approximately 1.29 million shares, accounting for 0.0877% of its total share capital, with a total expenditure of about 4.57 million yuan [2]. Group 2: Project Development - The company's wholly-owned subsidiary, Shanghai Jingxing, is investing in satellite technology and robotics, including participation in Shanghai Yuanxin Satellite Technology Co., Ltd. and Yushu Technology [3]. - The Malaysian recycled pulp project, with an annual production capacity of 800,000 tons, has entered a ramp-up phase in 2024, with product technical indicators nearing those of wood pulp [3]. Group 3: Company Status - On January 29, 2026, the company clarified on an interactive platform that it does not hold shares in Jiangsu Zhongke Kehua New Materials Co., Ltd. [4].