Hengfeng Paper Industry: Chairman Li Yingchun resigned due to organizational work arrangements.

Hengfeng Paper Co., Ltd. Announcement: The Board of Directors of the company received a written resignation report from Chairman Li Yingchun on April 8, 2026. Due to changes in work arrangements, Li Yingchun applied to resign from the positions of director, chairman, and relevant committees of the board of directors, and will no longer serve as the legal representative of the company. As of the disclosure date of this announcement, Li Yingchun does not hold any shares of the company and there are no unfulfilled commitments.