C&S Paper progresses with share repurchase program

C&S Paper announced continued progress on its share repurchase program, initiated to fund future employee stock ownership or equity incentive plans. As of June 30, 2025, the company has cumulatively repurchased 9,684,600 shares, representing 0.75% of its total share capital. The repurchases were executed through a dedicated securities account via centralized competitive trading. The highest transaction price was CNY7.15 per share, and the lowest was CNY6.01 per share, with the total transaction amount reaching CNY66,070,071 (excluding transaction costs). The repurchase adheres to relevant regulations, and the company will continue the program based on market conditions, providing timely disclosures. The board approved a range of CNY11,000,000 to CNY16,000,000 for the repurchase.