Yibin Paper shareholders approve key related party transactions

Yibin Paper Industry Co., Ltd. announced that its fourth extraordinary general meeting of shareholders for 2025, held on November 17, 2025, approved two key proposals. The first, regarding the forecast for new daily related party transactions in 2025, passed with 99.2241% of attending A-share votes in favor. The second proposal, concerning the acquisition of assets by a controlling subsidiary, also received approval, with 99.1276% of A-share votes cast in favor. Both resolutions were classified as related party transactions, with affiliated shareholders recusing themselves from voting.

The meeting saw 250 shareholders and proxies in attendance, representing 17,677,200 shares, or 9.9925% of the total voting shares. Key directors, including Yang Ming, Yan Jie, Chen Siyuan, Zhou Zaifeng, Zou Yan, and Li Yuxuan, were absent due to work commitments. Independent directors Zhou Zaifeng, Zou Yan, and Li Yuxuan were among the absentees.

Lawyers Wei Lin and Zhong Zichen verified the meeting's compliance with legal and regulatory requirements, confirming the validity of the convocation, procedures, and voting outcomes. The company's board of directors issued the announcement on November 18, 2025.