Chipboard announced that it plans to use the H share listing to raise capital to raise capital for its wholly-owned subsidiary CFM Global Limited. The maximum capital increase amount will not exceed HK$97 million. After the capital increase, the company's total investment amount in the Hong Kong subsidiary will not exceed 85 million yuan. The final capital increase will be determined according to the exchange rate applied at that time and combined with the ODI approval amount. The capital increase has been reviewed and approved by the company's board of directors. There is no need to submit it to the shareholders' meeting for consideration. It still requires approval or filing by relevant departments, and does not constitute a related transaction or major asset restructuring.

Chipboard announced that it plans to use the H share listing to raise capital to raise capital for its wholly-owned subsidiary CFM Global Limited. The maximum capital increase amount will not exceed HK$97 million. After the capital increase, the company's total investment amount in the Hong Kong subsidiary will not exceed 85 million yuan. The final capital increase will be determined according to the exchange rate applied at that time and combined with the ODI approval amount. The capital increase has been reviewed and approved by the company's board of directors. There is no need to submit it to the shareholders' meeting for consideration. It still requires approval or filing by relevant departments, and does not constitute a related transaction or major asset restructuring.