Li Mun Paper announced on 29 December 2023 that it has signed a series of continuing connected transaction agreements with its subsidiaries Jiangsu Paper, Jiangxi Paper, Jiangsu Chemical and Jiangxi Chemical, including the supply of steam and power generation services and the procurement of chemical products, valid from 1 January 2024 to 31 December 2026. These agreements will ensure a stable supply of steam and power to factories in Jiangsu and Jiangxi provinces and improve the operating efficiency of power plants in Jiangsu and Jiangxi provinces. Under Chapter 14A of the Listing Rules, these transactions constitute continuing connected transactions. The independent non-executive directors of Polytechnic Paper and Polytechnic believe that the terms of the agreement are fair and reasonable and are in the overall interests of the company and its shareholders. Polyculture will hold an Extraordinary General Meeting on or before 9 February 2024 to review and approve the relevant agreement.

Li Mun Paper announced on 29 December 2023 that it has signed a series of continuing connected transaction agreements with its subsidiaries Jiangsu Paper, Jiangxi Paper, Jiangsu Chemical and Jiangxi Chemical, including the supply of steam and power generation services and the procurement of chemical products, valid from 1 January 2024 to 31 December 2026. These agreements will ensure a stable supply of steam and power to factories in Jiangsu and Jiangxi provinces and improve the operating efficiency of power plants in Jiangsu and Jiangxi provinces. Under Chapter 14A of the Listing Rules, these transactions constitute continuing connected transactions. The independent non-executive directors of Polytechnic Paper and Polytechnic believe that the terms of the agreement are fair and reasonable and are in the overall interests of the company and its shareholders. Polyculture will hold an Extraordinary General Meeting on or before 9 February 2024 to review and approve the relevant agreement.