Shandong Chenming Paper Holdings Limited announced that the company has signed a bank acceptance agreement with the Hangzhou branch of Macau International Bank with a due date of July 30, 2024. The applicant for acceptance is Shandong Chenming Paper Holdings Limited, and the total amount of the bill is RMB 100 million, with a pledged margin of RMB 40 million. As of the date of this announcement, the above bill has expired and the company has not paid the bill payment, resulting in Macau International Bank paying a total of RMB 59.6799 million for the bill payment. The main reason for the expiration of the above bill is due to the company's fund arrangement. Currently, the company is actively negotiating with relevant units to properly handle the above bank acceptance bill unpaid issues after reaching consensus among all parties.