Fujian Qingshan Paper controlling shareholder's stake dips below 28.89%

Fujian Qingshan Paper Industry Co. Ltd. announced on October 21, 2025, that its controlling shareholder, Fujian Energy Group Co. Ltd., and its concerted parties have undergone an equity change reaching the 1% threshold. Between September 29, 2025, and October 21, 2025, Fujian Energy Group cumulatively reduced its holdings by 19,929,400 shares through centralized bidding, representing 0.89% of the company's total share capital.

Prior to this reduction, Fujian Energy Group held 9.83% of the total share capital. Following the reduction, its holdings decreased to 8.94%. Overall, the combined shareholding of Fujian Energy Group and its concerted parties, including Fujian Light Textile (Holding) Group Co. Ltd., Fujian Salt Industry Group Co. Ltd., and Fujian Jinhuang Trading Co. Ltd., collectively decreased from 28.89% to 28.00% of Fujian Qingshan Paper's total shares.

The company affirmed that this equity change will not alter the company's controlling shareholder or actual controller, nor will it significantly affect the company's governance structure or continuous operations. Investors are advised to note the risk.