Shandong Xinjufeng Technology Packaging Co. Ltd. A

Xinjufeng announced on October 8 that its subsidiary Fenmei Packaging, which is listed on the Hong Kong Stock Exchange, recently received a letter from the exchange stating that the Listing Committee has decided to cancel Fenmei Packaging's Hong Kong listing status. Fenmei Packaging has the right to submit a review application within seven business days from the date of the decision. If no review is requested, the last trading date for its shares will be October 16, 2026, and its listing status will be cancelled from 9 a.m. on October 20. Fenmei Packaging still needs to consult with professional advisers to determine whether to submit a review request. Xinjufeng stated that as a controlling subsidiary, whether Fenmei Packaging retains its independent Hong Kong listing status will not have a material adverse impact on business synergies or daily operations between the two companies.

Greatview Aseptic Packaging, a controlled subsidiary of Xin Jufeng, has been suspended for 18 months due to insufficient public float and faces the risk of having its listing status cancelled by the Hong Kong Stock Exchange. Xin Jufeng announced on the evening of August 17 that Greatview Aseptic Packaging has not yet fulfilled all resumption guidance and plans to apply to the Hong Kong Stock Exchange for an extension, but whether approval will be granted remains uncertain. Trading in Greatview Aseptic Packaging has been halted since February 19, 2025. Xin Jufeng holds a 97.76% stake in the company through its wholly owned subsidiary Jingfeng Holdings, pushing the public float below the 25% threshold. In an effort to resume trading, Greatview Aseptic Packaging plans to issue new shares to independent third parties and employees, but the specific plan and its implementation remain uncertain. Xin Jufeng said that whether Greatview Aseptic Packaging retains its listing status will not affect its daily operations. After consolidation in 2025, the company's revenue rose 71.61% year on year to 2.928 billion yuan, but net profit attributable to the parent fell 76.23% year on year to 43.7 million yuan.