Xiamen Hexing Packaging & Printing Co., Ltd.
Announcement on Termination of Longyao Smart Environmental Protection Packaging Industrial Park Project and Asset Disposal
The Company and the entire Board of Directors guarantee that the information disclosed is true, accurate, and complete, and that there are no false records, misleading statements, or material omissions.
Special Notes:
-
Xiamen Hexing Packaging & Printing Co., Ltd. (hereinafter referred to as the "Company") held its twelfth meeting of the seventh Board of Directors on July 16, 2026, and deliberated and passed the "Proposal on Terminating the Longyao Smart Environmental Protection Packaging Industrial Park Project and Disposing of Assets." This proposal does not require submission to the shareholders' meeting for deliberation.
-
In accordance with the "Shenzhen Stock Exchange Stock Listing Rules," "Company Articles of Association," and other relevant regulations, this matter does not constitute a related party transaction or a major asset restructuring.
I. Project Overview and Preliminary Progress
On November 23, 2020, the Company signed the "Project Investment Agreement" (hereinafter referred to as the "Investment Agreement") with the People's Government of Longyao County regarding the Longyao Smart Environmental Protection Packaging Industrial Park Project, with a total investment of approximately RMB 360 million. For details, please refer to the "Announcement on Signing the Investment Agreement" (Announcement No.: 2020-052) published by the Company on November 24, 2020, in the Securities Times, Securities Daily, and CNINFO.COM.CN (http://www.cninfo.com.cn).
On November 27, 2020, the Company held the seventeenth meeting of the fifth Board of Directors, which deliberated and passed the "Proposal on the Effectiveness of the Longyao Smart Environmental Protection Packaging Industrial Park Project and Investment Agreement." The Company agreed to invest in Longyao County, Hebei Province, to construct the Longyao Smart Environmental Protection Packaging Industrial Park Project, and that the aforementioned "Investment Agreement" would become effective. The relevant matters of this agreement would be implemented in the name of a newly established subsidiary of the Company in Longyao County, Hebei Province. The Company's management was authorized to handle these matters. For details, please refer to the "Announcement on the Effectiveness of the Longyao Smart Environmental Protection Packaging Industrial Park Project and Investment Agreement" (Announcement No.: 2020-054) published by the Company on November 28, 2020, in the Securities Times, Securities Daily, and CNINFO.COM.CN (http://www.cninfo.com.cn).
On November 30, 2020, Xingtai Hexin Environmental Protection Technology Co., Ltd. (hereinafter referred to as "Xingtai Hexin"), a wholly-owned subsidiary of the Company, won the bid for a piece of state-owned construction land use right with bid number LT2001-1. Xingtai Hexin signed the "Confirmation of Transaction" with the Longyao County Bureau of Natural Resources and Planning and Hebei Shengrun Auction Co., Ltd. The land area is 66,172.11 square meters, and the transaction price is RMB 20.60 million. For details, please refer to the "Announcement on the Wholly-owned Subsidiary Winning the Land Use Right" (Announcement No.: 2020-055) published by the Company on December 02, 2020, in the Securities Times, Securities Daily, and CNINFO.COM.CN (http://www.cninfo.com.cn). On May 7, 2021, Xingtai Hexin acquired an additional piece of land of 2,615.89 square meters. Construction of this project began in 2022, and it was expected to be completed and put into operation in 2023. The project has invested a total of RMB 52,908,414 in construction. Land use rights procedures are complete, and the construction of factory buildings, supporting facilities, and the procurement and installation of production equipment have all been completed.