C&S Paper completes fourth employee stock ownership plan transfer

C&S Paper announced the completion of the non-trading transfer for its Fourth Employee Stock Ownership Plan on September 10, 2025. The plan, approved at the 2025 first extraordinary general meeting, utilizes repurchased A-shares. The company acquired 23,015,200 shares through centralized bidding for this purpose, representing approximately 1.79% of its total share capital. The total transaction value for the buyback was CNY 174,279,685 (excluding transaction fees), with prices ranging from CNY 6.01 to CNY 8.69 per share.

The Fourth Employee Stock Ownership Plan has gathered a total of CNY 7.774 million in funding, distributed among 125 participants. On September 9, 2025, 23,000,000 shares were successfully transferred from the company’s dedicated buyback account to the employee stock ownership plan’s special securities account, representing 1.79% of the company’s total share capital as of the announcement date.

C&S Paper stated that the stock acquisition for the plan aligns with the approved shareholder resolution, and the total shares held by all effective employee stock ownership plans do not exceed 10.00% of the total share capital.