Hengfeng Paper Industry: Issuing shares to purchase assets, increasing the number of shares by 30,805,100.

Hengfeng Paper Industry Announcement: The issuance price of the shares issued for the purchase of assets this time is 8.25 yuan/share; the number of newly issued shares for the purchase of assets this time is 30.8051 million shares; the newly issued shares for the purchase of assets this time have completed the registration procedures at the Shanghai Branch of China Securities Depository and Clearing Corporation on March 4, 2026; the nature of the newly issued shares this time is restricted shares which can be traded on the Shanghai Stock Exchange on the next trading day after the end of the restriction period, and the restriction period starts to be calculated from the date of the completion of the issuance of shares; after the completion of the issuance of shares for the purchase of assets, the total share capital of the listed company will increase to 330 million shares, and the distribution of equity of the listed company still meets the stock listing conditions stipulated by laws and regulations such as the Company Law, Securities Law, and Listing Rules.