Zhejiang Jingxing Paper extends buyback, guarantees Malaysian subsidiary debt

Zhejiang Jingxing Paper will extend its share repurchase program by three months, setting the new deadline for February 19, 2026. This extension keeps the original terms of the buyback unchanged, which aims to use RMB 80 million to RMB 150 million of company funds to repurchase shares at a maximum price of RMB 4.00 per share. As of the announcement date, the company has repurchased 1,293,300 shares for RMB 4,574,147.00.

In a separate development, Zhejiang Jingxing Paper will provide an irrevocable joint liability guarantee for its wholly-owned subsidiary, Jingxing Holding (Malaysia) Co., Ltd., which is purchasing second-phase project equipment from J. M. Voith SE & Co. KG | VPH for €23,462,900.00. The guarantee covers Jingxing Holding (Malaysia) Co., Ltd.'s obligations under an agency procurement contract with Yongcheng Trading Co., Ltd.

The total external guarantees by Zhejiang Jingxing Paper and its subsidiaries currently stand at RMB 124,377.44 million. The company's registered capital increased from RMB 1,182,005,560 to RMB 1,474,853,853 as a result of convertible bond conversions, which also led to revisions in the company's articles of association.