Zhitong Finance App News, Chenming Paper (01812) announced that the company recently received a letter from the controlling shareholder Chenming Holdings and learned that the company's approximately 21.20,600 A-share shares are to be judicially auctioned.

As of the disclosure date of this announcement, the number of shares of the company held by Chenming Holdings was 799,086,869. If all shares are sold and transferred in the judicial auction, the shares held by Chenming Holdings will be reduced from 799,086,869 shares to 777,886,286 shares, and the proportion of the company's total shares will drop from 27.17% to 26.45%. The above judicial auctions will not cause changes in the company's control, nor will they have a significant adverse impact on the company's governance structure and continuous operation.

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