COFCO Packaging (00906): The compulsory acquisition will be completed on April 17, and the listing status of shares will be withdrawn from April 22

According to the Zhitong Finance App, COFCO Packaging (00906) and the offender Huarui Fengquan Development Co., Ltd. jointly announced that the compulsory acquisition notice was sent to the remaining few shareholders on February 13, 2025. As stated in the notice sent, the remaining minority shareholders have the right to file an objection within two months from the date the notice of compulsory acquisition is issued. As of April 14, 2025, Huarui had not received any notice of objection, and the court had not received any application. Therefore, Huarui currently has the right and must acquire all remaining shares offered.

The compulsory acquisition will be completed on April 17, 2025. At that time, the shareholders (remaining share holders) in the Company's shareholder register on April 16, 2025 will transfer all remaining offered shares to Huarui for registration. The remaining minority shareholders (or their successors, as the case may be) are reminded that they will not be able to collect the compulsory acquisition price for the remaining shares offered until the compulsory acquisition is completed (this amount must be paid after deducting the seller's ad valorem stamp duty (calculated at 0.1% of the relevant cost)). The compulsory acquisition price payable to the remaining minority shareholders (or their successors, as the case may be) (after deducting the seller's ad valorem stamp duty, calculated at 0.1% of the relevant price) will be paid by Huarui to the Company rather than directly to the remaining minority shareholders (or their successors (as the case may be)), and the Company shall deposit this amount into a separate bank account until the Company has paid all of the above amounts to the remaining minority shareholders (or their successors, as the case may be).

As the compulsory acquisition will be completed on April 17, 2025, the Company will benefit from Huarui and all parties acting in concert with it.

The Exchange has approved the withdrawal of the listing status of shares on the Stock Exchange in accordance with Rule 6.15 of the Listing Rules. The stock's listing status on the Stock Exchange will be withdrawn from 9:00 a.m. on April 22, 2025 (Tuesday).