SUNSHINE PAPER: Changhai Wang Acquires Shares, Long Position Rises to 32.68%

HK Disclosure
09/22

On September 17, 2026, Mr. Wang Dongxing, a member of a concert party, purchased 124,000 shares of SUNSHINE PAPER on the SEHK open market at an average of HKD 1.2175 per share, involving about HKD 150,970. As a result, Changhai Wang's deemed interest increased by the same number of shares due to the concert party agreement under section 318 of the SFO. The transaction was an on-exchange active trade, representing a direct dealing in the secondary market.

Prior to the acquisition, Changhai Wang's long position in SUNSHINE PAPER was 347.96 million shares, representing 32.67%; following the acquisition, the holding changed to 348.08 million shares, with the long position ratio rising to 32.68%.

This involves related parties: Wang Dongxing, Shi Weixin, Wang Yilong, Wang Feng, Sang Ziqian, Chen Xiaojun, Wang Yongqing, Zheng Fasheng, Zuo Xiwei, Ma Aiping, Sun Qingtao, Zhang Zengguo, Wu Rong, and Guo.

Source: Hong Kong Exchanges and Clearing Limited.

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