Summary of Key Points Core Viewpoint - The announcement provides an update on the conversion of the "Rong 23 Convertible Bonds" issued by Zhejiang Rongsheng Environmental Paper Co., Ltd, detailing the conversion status and adjustments to the conversion price. Group 1: Convertible Bond Issuance and Conversion Status - As of March 31, 2025, a total of RMB 47,000 of "Rong 23 Convertible Bonds" has been converted into 4,008 shares, representing 0.0014% of the company's total shares before conversion [1] - The amount of unconverted "Rong 23 Convertible Bonds" as of March 31, 2025, is RMB 575,953,000, accounting for 99.9918% of the total issuance [1] - From January 1, 2025, to March 31, 2025, a total of 86 shares were converted from the "Rong 23 Convertible Bonds" [1] Group 2: Details of Convertible Bond Issuance - The company was approved to issue 5.76 million "Rong 23 Convertible Bonds" on August 18, 2023, with a total value of RMB 57.6 million and a maturity of 6 years [2] - The initial conversion price for the bonds was set at RMB 15.74 per share starting from February 26, 2024 [2] - The conversion price was adjusted to RMB 12.06 per share on May 10, 2024, due to the company's profit distribution [3] - Following the cancellation of repurchased shares, the conversion price was further adjusted to RMB 11.59 per share on October 29, 2024 [4] Group 3: Share Capital Changes - The total share capital before the conversion on December 31, 2024, was 272,612,842 shares, which increased to 272,612,928 shares after the conversion [5]

Group 1 - The company will hold its annual general meeting on April 2, 2025, at 14:30 in Guangzhou, Guangdong [1][2] - Shareholders must register by March 26, 2025, to attend the meeting and can vote via both onsite and online methods [2][3] - The meeting agenda includes the introduction of shareholder representatives, proposal reviews, and the announcement of voting results [2][3] Group 2 - In 2024, the company achieved a revenue of 7.588 billion yuan, a year-on-year increase of 2.5%, with a total profit of 176 million yuan [4] - The company’s total assets reached 11.227 billion yuan, and the equity attributable to shareholders was 4.641 billion yuan [4] - The company is focusing on integrating pulp and paper production and enhancing its high-end specialty paper industry [4][5] Group 3 - The company is advancing its digital transformation and lean management initiatives to improve operational efficiency [5][6] - It has launched several innovative products in the green packaging materials sector, contributing to national sustainability goals [6][7] - The company has filed 49 new patents and achieved several technological advancements in its product offerings [7][8] Group 4 - The company is optimizing its marketing strategies to enhance its market presence and product differentiation [8][9] - It has implemented a new organizational structure to improve project management and financial oversight [9][10] - The company is committed to social responsibility and has developed a sustainable development strategy for 2030 [10][11] Group 5 - The board of directors held 15 meetings in the reporting period, discussing 64 agenda items [11][12] - The company’s independent directors have actively participated in board meetings and provided professional advice on strategic planning and financial audits [17][18] - The company has maintained compliance with information disclosure regulations, ensuring transparency and protecting minority shareholders' interests [18][19] Group 6 - The company plans to apply for a comprehensive credit facility from banks to support its operational and project financing needs [31][32] - It has projected daily related transactions with affiliated companies for the year 2025, totaling approximately 148.703 million yuan [33][34] - The company is focused on enhancing its internal control systems and governance structures to mitigate operational risks [24][26]

| ഋᐍॾؑ(䳶ഒ)Պ䇑ᐸһ࣑ᡰ | ൠ൰:ᡀ䜭ᐲ⍇䶒ẕ㺇 ਧ䠁㤲⽬䜭ই 18 28 | | --- | --- | | | ᾬ | | ˄⢩↺Პ䙊ਸՉ˅ | ⭥䈍:˄028˅85560449 | | | Րⵏ:˄028˅85560449 | | 6,&+8$1+8$;,1*5283 &3$//3 | 䛞㕆: 610041 | | | ⭥䛞: schxzhb@hxcpa.com.cn | ޣҾᇌᇮ㓨ъ㛑ԭᴹ䲀ޜਨ ੁ⢩ᇊሩ䊑ਁ㹼㛑⾘⭣䈧᮷ԦⲴᇑṨ䰞䈒࠭Ⲵഎ༽ᣕ ᐍॾؑ㔬 A(2023)ㅜ 0061 ਧ 7-2-1 ޣҾᇌᇮ㓨ъ㛑ԭᴹ䲀ޜਨੁ⢩ᇊሩ䊑ਁ㹼㛑⾘⭣䈧᮷ԦⲴᇑṨ䰞䈒࠭Ⲵഎ༽ᣕ ޣҾᇌᇮ㓨ъ㛑ԭᴹ䲀ޜਨ ੁ⢩ᇊሩ䊑ਁ㹼㛑⾘⭣䈧᮷ԦⲴᇑṨ䰞䈒࠭Ⲵഎ༽ᣕ ᐍॾؑ㔬 A(2023)ㅜ 0061 ਧ к⎧䇱ࡨӔ᱃ᡰ˖ 䍥ᡰҾ 2023 ᒤ 4 ᴸ 1 ᰕࠪާⲴljޣҾᇌᇮ㓨ъ㛑ԭᴹ䲀ޜਨੁ⢩ᇊሩ䊑ਁ㹼㛑⾘ ⭣䈧᮷ԦⲴᇑṨ䰞䈒࠭NJ˄к䇱кᇑ˄㶽䍴˅[2023]182 ਧ˅˄ԕлㆰ〠ĀᇑṨ䰞䈒 ࠭ā˅ᐢ᭦ᚹDŽᇌᇮ㓨ъ㛑ԭᴹ䲀ޜਨ˄ԕлㆰ〠Āਁ㹼ӪāǃĀޜਨā˅оѝഭഭ 䱵䠁㶽㛑ԭᴹ䲀ޜਨ˄ԕлㆰ〠Ā؍㦀ᵪᶴā˅ ...