Hengfeng Paper shareholders approve asset acquisition at meeting

Mudanjiang Hengfeng Paper Co., Ltd. (SSE:600356) secured shareholder approval for key resolutions regarding an asset acquisition at its Second Extraordinary General Meeting of 2025, according to a legal opinion issued by Beijing Shidai Jiuhe Law Firm. Key approvals included the asset acquisition itself, related party transaction status, and the issuance plan. Voting results show strong support, with over 95% of shareholders approving each resolution. Of the shareholders, roughly 70% of minority shareholders also supported the resolutions. These approvals pave the way for the company to proceed with the planned asset acquisition via share issuance. The meeting was deemed compliant with relevant laws and the company's articles of association.