Qingshan Paper announces director changes, shareholder stake reduction

Fujian Qingshan Paper Industry announced that non-independent director Mr. Ye Yu resigned from the board and strategic committee due to work changes, effective October 20, 2025. Concurrently, the company's 11th Employee Representative Congress elected Mr. Pan Qixing as an employee representative director, with his term commencing upon shareholder approval of revised articles of association and concluding at the end of the 10th board term. Mr. Pan also holds several management positions within the company.

In a separate filing, the company reported a change in equity for its controlling shareholder, Fujian Energy Group Co., Ltd., and its concerted parties. Between September 29, 2025, and October 21, 2025, Fujian Energy Group reduced its holdings by 19,929,400 shares, representing 0.89% of the total share capital. This adjustment decreased the combined stake of Fujian Energy Group and its concerted parties from 28.89% to 28.00%.

Furthermore, Fujian Qingshan Paper Industry hosted its 2025 semi-annual earnings conference on October 22, 2025. Key topics discussed included strategies for mitigating trade war uncertainties, the supply status of its subsidiary Hengbaotong Optoelectronics (Malaysia) to FABRINET, and the progress of 800G optical modules, which are currently in the sample trial production phase. The company also addressed investor communication and the slow progress of the Water Lily Pharmaceutical fundraising project.