C&S Paper appoints Gao Bo as new president

C&S Paper has announced a change in its presidency, effective December 11, 2025. Mr. Liu Peng, who served as president and chairman, has resigned from his presidential duties due to the company's strategic development needs. He will retain his roles as chairman, member of the nomination committee, and member of the strategy and sustainable development committee. As of the announcement date, Mr. Liu Peng holds 511,300 company shares.

The company's sixth board of directors, at its fourteenth meeting on December 11, 2025, approved the appointment of Mr. Gao Bo as the new president. His term will run from the approval date until the end of the sixth board of directors' term.

Mr. Gao Bo, born in 1977, holds a postgraduate degree and is a certified public accountant. He has a diverse background, including roles as audit manager, internal control director, and audit director at several major companies, including Yonghui Superstores and Meicai.com. He served as the company's head of audit department from May 2021 to February 2024, and as chief financial officer from February 2024 until his current appointment as director in November 2025. Mr. Gao Bo holds 21,750 company shares (restricted stock that has not yet been unlocked).