Yibin Paper subsidiary adjusts payment terms for land, building acquisition

Sichuan Jinzhu New Material Co., Ltd., a subsidiary of Yibin Paper Industry Co., Ltd., has signed a contract with Pushi Linkage Technology Co., Ltd. for the acquisition of industrial land, buildings, and ancillary facilities. The total transaction price is ¥124,938,200 (excluding tax). Jinzhu New Material has already paid the first installment of ¥65,000,000 as per the agreement.

The original deadline for the final payment, set for December 31, 2025, has been extended. Due to ongoing property transfer procedures, the remaining balance will now be paid in full within six months from the date Jinzhu New Material obtains the property rights certificate for the assets. Both parties are actively collaborating with relevant authorities to expedite the transfer process.

This related party transaction was previously approved by Yibin Paper Industry's board of directors and an extraordinary general meeting in 2025. The company cautions investors about potential risks, including the need for property registration completion and the impact of macroeconomic factors, industry policies, and market conditions on the purchased assets’ future business development.