China Sunshine Paper acquires full control of joint venture

China Sunshine Paper Holdings announced a discloseable transaction to acquire the remaining 40% equity interest in its Joint Venture, currently held by Oji F-Tex. Century Sunshine, a subsidiary of China Sunshine Paper, entered into an Equity Transfer Agreement to purchase the stake for a consideration of RMB85,000,000. Post-acquisition, the Joint Venture will become a wholly-owned subsidiary, with its financial results consolidated into the Group's. The Joint Venture's net asset value as of December 31, 2024, was approximately RMB221,065,000. The acquisition is expected to be funded through internal resources. Completion is subject to regulatory approvals and foreign exchange formalities. This transaction qualifies as a discloseable transaction under the Hong Kong Listing Rules.