Inside Information - 2024 Interim Results Forecast

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement 山东晨鸣纸业集团股份有限公司 SHANDONG CHENMING PAPER HOLDINGS LIMITED* (a joint stock company incorporated in the People’s Republic of China with limited liability) (Stock Code: 1812) Inside Information – 2024 Interim Results Forecast This announcement is made by Shandong Chenming Paper Holdings Limited (the “Company”) pursuant to the Inside Information Provisions (as defined under the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “Listing Rules”)) under Part XIVA of the Securities and Futures Ordinance (“SFO”) (Chapter 571 of the Laws of Hong Kong) and Rule 13.09(2)(a) of the Listing Rules.The Company and all members of its board (the “Board”) of directors hereby warrant the truthfulness accuracy and completeness of the contents of this announcement which do not contain any false information misleading statements or material omissions.I. RESULTS FORECAST FOR THE PERIOD (1) Reporting period 1 January 2024 to 30 June 2024 (the “Reporting Period”) (2) Results forecast Net profit is expected to be positive and fall under one of the following circumstances √ Turnaround from loss to profit □Increase over the corresponding period of last year □Decrease over the corresponding period of last year During the Corresponding period Item Reporting Period of last year Net profit attributable to Earnings: RMB20 million – Losses: shareholders of the Company RMB30 million RMB688.08 million Net profit after extraordinary Losses: RMB260 million – Losses: gains or losses RMB280 million RMB811.84 million Basic earnings per share Earnings: RMB0.007 per Losses: share – RMB0.010 per RMB0.25 per share share 1II. COMMUNICATION WITH THE ACCOUNTING FIRM This results forecast has not been preliminarily audited by a certified public accountant.III. REASONS FOR THE CHANGES IN RESULTS 1) During the Reporting Period the prices of major raw materials of the Company such as wood chip and wood pulp as well as energy recorded a year-on-year decrease. At the same time the Company enhanced its cost control improved production efficiency and strengthened sales management resulting in a year-on-year increase in the production and sales volume of pulp and paper as well as a year-on-year decrease in unit production cost. 2) With further focusing on the development of its main business of pulp and paper making the Company continues to optimise its asset structure and enhance its asset quality thereby strengthening its profitability. During the Reporting Period the disposal of non-major operations generated non-recurring gains or losses of approximately RMB240 million. 3) With the continuous support from the national macroeconomic policies downstream demand has gradually recovered and industry prosperity started to pick up. Meanwhile the Company will continue to reduce cost and enhance efficiency through measures such as strengthening cost control improving operation efficiency and stepping up efforts in the disposal of non-major operations so as to further improve the profitability of the Company.IV. OTHER RELEVANT EXPLANATION The financial data set out above are solely preliminary estimations by the Board with reference to available information as at the date of this announcement. Such information has not yet been audited or reviewed by the auditor of the Company. Shareholders of the Company and investors are advised to read the relevant announcement when the Company publishes its interim report of 2024.Shareholders of the Company and potential investors should exercise caution when dealing in the shares of the Company.By order of the Board Shandong Chenming Paper Holdings Limited Chen Hongguo Chairman Shandong the PRC 12 July 2024 As at the date of this announcement the executive Directors are Mr. Chen Hongguo Mr. Hu Changqing Mr. Li Xingchun Mr. Li Feng and Mr. Li Weixian; the non-executive Directors are Mr. Han Tingde and Mr. Li Chuanxuan; and the independent non-executive Directors are Ms. Yin Meiqun Mr. Sun Jianfei Mr. Yang Biao and Mr. Li Zhihui.* For identification purposes only 2