Bohui Paper shareholders approve governance system changes, abolish supervisory board

Shandong Bohui Paper Industrial Co., Ltd. held its second extraordinary general meeting of shareholders for 2025 on November 17, 2025, where key proposals regarding corporate governance were passed. A total of 265 shareholders, representing 550,912,018 shares or 41.2098% of total voting shares, attended the meeting.

The proposal to abolish the supervisory board, revise the company's articles of association, and handle industrial and commercial registration changes was approved with 98.6731% of votes in favor (543,602,457 shares). A separate proposal to revise certain governance systems also passed, receiving 98.6021% of votes in favor (543,211,357 shares).

The meeting procedures, convener qualifications, and attendance of participants were confirmed by Shanghai JinTianCheng Law Firm to be in compliance with relevant laws and regulations, ensuring the validity of the resolutions. The board of directors of Shandong Bohui Paper Industrial Co., Ltd. issued this announcement on November 18, 2025.