SUNSHINE PAPER (02002) announced that on November 18, 2025, Century Sunshine (a subsidiary of the company, acting as the entrusting party and lender) entered into Entrusted Loan Agreement I with (i) the lending bank (as the entrusted party) and (ii) Qicheng Zhihui (as the borrower) to provide a RMB 50 million loan to the borrower.