According to Carmel Packaging's announcement, as of December 31, 2025, due to the cumulative share conversion of “Carmel Bonds”, the company's total share capital increased to 982,167,045 shares, and the controlling shareholder's shareholding ratio in Hong Kong was passively diluted from 44.45% to 43.53%, with a change ratio of 0.92%. From November 15, 2024 to November 12, 2025, the company repurchased a total of 21,486,100 shares. As of December 31, 2025, CPC Hong Kong's shareholding accounted for 44.50% of the total share capital after excluding repurchased shares. This change does not involve an increase or decrease in holdings or an offer to acquire, and does not affect the company's control, governance structure, and ability to continue operating.

According to Carmel Packaging's announcement, as of December 31, 2025, due to the cumulative share conversion of “Carmel Bonds”, the company's total share capital increased to 982,167,045 shares, and the controlling shareholder's shareholding ratio in Hong Kong was passively diluted from 44.45% to 43.53%, with a change ratio of 0.92%. From November 15, 2024 to November 12, 2025, the company repurchased a total of 21,486,100 shares. As of December 31, 2025, CPC Hong Kong's shareholding accounted for 44.50% of the total share capital after excluding repurchased shares. This change does not involve an increase or decrease in holdings or an offer to acquire, and does not affect the company's control, governance structure, and ability to continue operating.