Shandong Chenming Paper Holdings Limited (1812), known as Chenming Paper, disclosed that on 28 October 2025, multiple mortgage guarantee agreements and a joint liability guarantee agreement were signed by its subsidiaries Chenming Leasing, Shouguang Kunhe, and Jilin Chenming, together with Chenming Paper itself, in favor of Weifang Xingchen and Jilin Xingchen. These guarantees support syndicated loans intended to facilitate Chenming Paper’s resumption of work and production, as well as provide funding for procurement and supply of production materials.

The agreements include mortgage guarantees totaling RMB23.345 million and RMB206.3541 million for Weifang Xingchen, plus a RMB216.75 million mortgage guarantee and a joint and several liability guarantee—also up to RMB216.75 million—for Jilin Xingchen. Since the aggregated guarantees exceed 5% but remain below 25% under the Listing Rules, they constitute a disclosable transaction for Chenming Paper under Chapter 14 and are subject to reporting and announcement requirements without the need for shareholder approval. The company stated that providing these guarantees is intended to enhance its production capabilities, profitability, and debt repayment capacity.