Shandong Bohui Paper sells assets, updates governance, boosts raw material estimates

Shandong Bohui Paper Industrial is selling idle chemical pulp assets totaling CNY 32.978 million to connected parties Guangxi Jingui Pulp & Paper and Jinlong Pulp & Paper (Jiangsu). This transaction, based on an asset valuation report dated August 31, 2025, will optimize asset structure and enhance profitability.

Concurrently, the company is increasing its 2025 daily related transaction estimate for raw material and commodity purchases from Ningbo Asia Pulp & Paper by CNY 28 million, bringing the new total to CNY 36.7444 million. This aims to secure raw material supply amidst market pressures and align with business growth.

In a move to modernize its corporate governance, Shandong Bohui Paper Industrial is canceling its supervisory board, with its functions now transferred to the board's audit committee. This change, approved on October 29, 2025, involves amending the company's articles of association and revising several related governance policies. These revisions reflect updated regulations and are designed to streamline decision-making and improve operational efficiency.