Announcement of Forest Packaging Group: the company has decided to use the funds raised from the initial public offering of stocks, RMB 2.1 billion, to increase capital of its wholly-owned subsidiary Taizhou Forest Paper Co., Ltd. The capital increase has been approved by the board of directors and the board of supervisors, and no approval from the shareholders meeting is needed. The capital will be used for implementing the 'Annual Production of 500,000 Tons of Packaging Paper Equipment Renewal and Technological Transformation Project' and a special account has been set up to manage the funds. This capital increase will help to meet the capital needs of the project, ensure smooth implementation, and will not harm the interests of the company and shareholders.
森林包装：使用募集资金21亿元向全资子公司增资
Forest Packaging Group: capital of RMB 2.1 billion raised to increase capital of wholly-owned subsidiary.
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