JINGXING PAPER: The shareholding ratio of shareholders holding more than 5% has been diluted to 12.93% passively

JINGXING PAPER announced that due to the conversion of "JINGXING Convertible Bonds," the company's total share capital has increased. Mr. Zhu Zailong, a shareholder holding more than 5% of the shares, actual controller, and chairman, saw his shareholding ratio diluted from 13.25% to 12.93% without a change in the number of shares held, with the dilution change reaching an integer multiple of 1%. This change in equity will not lead to a change in the company's control and will not affect the company's governance structure and ongoing operations