Hengfeng Paper board approves 2025 performance targets

Mudanjiang Hengfeng Paper Co., Ltd. (stock code: 600356) held the fifteenth meeting of its eleventh board of directors on December 22, 2025, via a telecommunication vote. All nine attending directors participated in the session, which formally convened after notifications were dispatched on December 17, 2025.

The board unanimously approved the "2025 Managerial Performance Responsibility Statement" and the "2024 Managerial Performance Evaluation Results" with five votes in favor, none against, and no abstentions. Four directors—Liang Dequan, Zhou Zanli, Pan Gaofeng, and Li Enshuang—recused themselves from the vote due to potential conflicts of interest related to management compensation.

This critical resolution, previously reviewed and approved by the company's remuneration and appraisal committee, underscores the company's focus on linking executive performance with strategic objectives. The approval marks a forward step in defining performance benchmarks for the coming year while evaluating past achievements.