Sun Paper shareholders approve key related-party deals, credit lines for 2026

Shandong Sun Paper Co., Ltd. (SZSE:002078) held its second extraordinary general meeting of shareholders for 2025 on December 26, approving several key resolutions. The meeting, chaired by Ms. Li Na, saw 319 shareholders representing 57.1211% of total voting shares participate. No proposals were rejected, and no changes to prior resolutions were made.

Shareholders approved proposals concerning related-party transactions for 2026 with several subsidiaries and affiliates of Sun Holdings, including Shandong Shengde International Hotel, Wanguo Sun Paper White Cardboard Co., Ltd., Shandong International Paper Sun Paperboard Co., Ltd., Shandong Wanguo Sun Food Packaging Materials Co., Ltd., and Guangxi Sun Paper Paperboard Co., Ltd. These transactions, which received between CNY 392,038,571 and CNY 392,044,171 in approval votes from non-related shareholders, were approved with over 99.97% of votes in favor from participating small and medium shareholders.

Additionally, the meeting passed a resolution for Sun Paper and its holding subsidiaries to apply for comprehensive credit facilities from financial institutions in 2026, receiving 99.9056% of total votes in favor. A proposal to revise the company's "Management System for Compensation and Performance Assessment of Directors and Senior Management" was also approved with overwhelming support.