2026 Interim Report Summary of

Shandong Chenming Paper Holdings Limited

I. IMPORTANT NOTICE

This interim report summary is extracted from the text of the interim report. For the full understanding of the operating results, the financial position and the plan for further development of the Company, investors should carefully read the text of the interim report published on the media as designated by the CSRC.

All directors have attended the board meeting to review this report.

Notice of non-standard auditor’s opinion

□ Applicable  Not applicable

A proposed profit distribution plan or a proposed plan on conversion of capital reserves into share capital for the reporting period was considered by the Board

□ Applicable  Not applicable

The Company proposes not to distribute cash dividend, issue bonus shares, or capitalise from capital reserves.

A proposed profit distribution plan on preference shares for the reporting period was approved by the Board

□ Applicable  Not applicable

II. BASIC INFORMATION ABOUT THE COMPANY

1. Company profile

2. Major accounting data and financial indicators

Retrospective adjustment to or restatement of the accounting data for prior years by the Company

□ Yes  No

3. Number of shareholders and shareholding of the Company

Unit: Shares

Note 1: In order to meet its own capital needs, Chenming Holdings (Hong Kong) Limited conducted share financing business with overseas institutions, entrusting 210,717,563 B shares and 153,414,000 H shares of the Company held by it to the custody brokerage designated by overseas institutions. The aforesaid shares were subject to the risk of not to be recovered, which may lead to a reduction in the Company’s shareholding, but does not affect Chenming Holdings’ position as the largest shareholder, and does not affect the Company’s control. For details, please refer to the announcement disclosed by the Company on CNINFO on 18 July 2023 (announcement no.: 2023-058) and the insider information disclosed by the Company on the website of Hong Kong Stock Exchange on 18 July 2023.

Note 2: On 1 November 2024, pursuant to the 2020 Restricted A Share Incentive Scheme (Draft), the Company made payments to the participants for the repurchase of restricted shares not yet unlocked for the third unlocking period under the 2020 Restricted A Share Incentive Scheme. In the process of completing the procedures for the share transfer and cancellation, the 6,000,000 restricted shares held by Mr. Chen Hongguo were judicially frozen. Hence, the procedures for the transfer and cancellation of such restricted shares were not yet completed with the Shenzhen Branch of China Securities Depository and Clearing Corporation Limited. The 19,080,044 shares held by Mr. Chen Hongguo, being a domestic natural person, excludes the 6,000,000 restricted shares to be cancelled under the share incentive scheme.

Share lending by shareholders with more than 5% shareholding, top 10 shareholders and top 10 holders of non-restricted shares under refinancing business

□ Applicable  Not applicable

Change of top 10 shareholders and top 10 holders of non-restricted shares as compared to the prior period as a result of share lending/return under refinancing arrangement

□ Applicable  Not applicable

4. Change of controlling shareholders or actual controllers

Change of controlling shareholders during the reporting period

□ Applicable  Not applicable

There was no change of controlling shareholders of the Company during the reporting period.

Change of actual controllers during the reporting period

□ Applicable  Not applicable

There was no change of actual controllers of the Company during the reporting period.

5. Total number of holders of preference shares and the shareholdings of top ten holders of preference shares

□ Applicable  Not applicable

There was no shareholding of holders of preference shares of the Company during the reporting period.

6. Bonds subsisting as at the date of approval of the interim report

□ Applicable  Not applicable

III. Material matters

1. Full Resumption of Production at Production Bases

During the reporting period, the Company adhered to the principle of "safety first, efficiency-focused, and results-oriented", strengthened corporate management, and coordinated efforts to resume production and operations at its production bases. The management and staff of Zhanjiang Chenming, together with the support teams designated by the Group, worked collaboratively to overcome challenges, efficiently completing key tasks including fund raising, equipment maintenance, raw material procurement, and market coordination, thereby successfully achieving the full resumption of production at the Zhanjiang production base. As a result, all five major production bases of the Company in Shouguang, Zhanjiang, Huanggang, Jiangxi and Jilin have now fully resumed production. Going forward, the Company will continue to strengthen cost reduction and efficiency enhancement across the entire production process, accelerate development of a full range of new products, and coordinate efforts to advance production and operations, reform and innovation, and team building. The Company will strive to improve operating performance, steadily mitigate debt risks, and promote sustainable, stable, and high-quality development.

For details, please refer to the relevant announcement disclosed by the Company on CNINFO on 14 March 2026 (Announcement No.: 2026-004) and the announcement disclosed on the website of the Hong Kong Stock Exchange on 16 March 2026.

2. Information disclosure index for 2026 Interim Report