Stock code: 000488 200488 Stock abbreviation: Chenming Paper Chenming B Announcement No.: 2021-077

2021 Interim Report Summary of

SHANDONG CHENMING PAPER HOLDINGS LIMITED

I. IMPORTANT NOTICE

This interim report summary is extracted from the text of the interim report. For the full understanding of the operating results

financial position and plan for future development of the Company investors should carefully read the full version of the interim

report published on the media designated by the CSRC.All directors have attended the board meeting to review this report.Non-standard auditor’s opinion

□ Applicable √ Not applicable

A proposed profit distribution plan on ordinary shares or a proposed plan on conversion of capital reserves into share capital for the

reporting period was considered and passed by the Board

□ Applicable √ Not applicable

The Company plans not to distribute cash dividends or bonus shares or convert capital reserve into share capital.A proposed profit distribution plan on preference shares for the reporting period was considered and approved by the Board

□ Applicable √ Not applicable

II. BASIC IMFORMATION ON THE COMPANY

1. Company profile

晨鸣纸业 000488

Stock abbreviation 晨鸣B Stock code 200488

晨鸣优03 140005

Stock exchanges on which the shares are listed Shenzhen Stock Exchange

Stock abbreviation Chenming Paper Stock code 01812

Stock exchanges on which the shares are listed The Stock Exchange of Hong Kong Limited

Contact persons and contact methods Secretary to the Board Hong Kong Company Secretary

Name Yuan Xikun Chu HonLeung

No. 2199 East Nongsheng Road

Correspondence Address 22nd Floor World Wide House

Shouguang CityShandong Province

Telephone 0536-2158008 +852-21629600

Email address chenmmingpaper@163.com liamchu@li-partners.com

2. Major accounting data and financial indicators

Retrospective adjustment to or restatement of the accounting data for prior years by the Company

□ Yes √ No

Increase/decrease for the

The corresponding

reporting period as compared

The reporting period period of the prior

to the corresponding period of

year

the prior year

Revenue (RMB) 17172816354.53 13599805765.86 26.27%

Net profit attributable to shareholders of the Company (RMB) 2021095417.54 516326703.48 291.44%

Net profit after extraordinary gains or losses attributable to

1964718180.70 67882116.23 2794.31%

shareholders of the Company (RMB)

Net cash flows from operating activities (RMB) 4747185521.94 2327033784.68 104.00%

Basic earn ings per share (RMB per share) 0.604 0.051 1084.31%

Diluted earnings per share (RMB per share) 0.604 0.051 1084.31%

Rate of return on weighted average net assets 8.94% 0.84% 8.10%

Increase/decrease as at the

As at the end of the As at the end of the end of the reporting period as

reporting period prior year compared to the end of the

prior year

Total assets (RMB) 90601029144.35 91575457828.62 -1.06%

Net assets attributable to shareholders of the Company (RMB) 23295559729.26 24276968789.00 -4.04%

Data description of basic earnings per share diluted earnings per share and rate of return on weighted average net assets:

Net profit attributable to shareholders of the Company does not exclude the effect on interest of perpetual bonds and the dividends on Preference

Shares paid and declared to be paid. When calculating financial indicators such as earnings per share and the rate of return on weighted average net

assets the interest on perpetual bonds from 1 January 2021 to 30 June 2021 of RMB44481369.86 and the dividend on Preference Shares paid and

declared to be paid in 2021 of RMB207065968.66 are deducted.3. Total number of shareholders and shareholdings

Unit: share

Total number of ordinary 177220 of which 156912 were holders Total number of holders of Preference Shares with

shareholders as at the end of the of A shares 19973 were holders of B restored voting right as at the end of the reporting 0

reporting period shares and 335 were holders of H shares period (if any)

Top 10 shareholders

Percent Share pledged marked or

Number of

age of Number of locked-up

Name of shareholder Nature of shareholder restricted

shareh shares

shares held Status of

olding Number shares

CHENMING HOLDINGS COMPANY

State-owned legal person 15.32% 457322919 0 Pledged 256530000

LIMITED

HKSCC NOMINEES LIMITED Overseas legal person 12.52% 373523125 0

CHENMING HOLDINGS (HONG KONG)

Overseas legal person 12.20% 364131563 0

LIMITED

Chen Hongguo Domestic natural person 1.04% 31080044 23310033

HONG KONG SECURITIES CLEARING

Overseas legal person 0.94% 28200060 0

COMPANY LIMITED

GUOTAI JUNAN SECURITIES (HONG

Overseas legal person 0.63% 18733524 0

KONG) LIMITED

Domestic

SHANDONG SUN HOLDINGS GROUP

non-state-owned legal 0.61% 18181717 0

CO. LTD.person

VANGUARD TOTAL INTERNATIONAL

Overseas legal person 0.50% 14771945 0

STOCK INDEX FUND

MORGAN STANLEY & CO.Overseas legal person 0.47% 14092721 0

INTERNATIONAL PLC

VANGUARD EMERGING MARKETS

Overseas legal person 0.46% 13628646 0

STOCK INDEX FUND

A shareholder Chenming Holdings (Hong Kong) Limited which is an overseas legal person is a

wholly-owned subsidiary of a shareholder Chenming Hold ings Company Limited which is a

state-owned legal person. Hence they are persons acting in concert under the Measures for the

Related party relationship or acting in concert Admin istration of Disclosure of Shareholder Equity Changes of Listed Companies. A shareholder

among the above shareholders Chen Hongguo is the legal representative chairman and general manager of Chenming Hold ings

Company Limited. Save for the above it is not aware that any other shareholders of tradable shares

are persons acting in concert. It is also not aware that any other shareholders of tradable shares are

related to each other.Chenming Holdings Company Limited held 457322919 RMB ordinary shares of which

379522919 shares were held through ordinary account and 77800000 shares were held through

Securities margin trading of shareholders if credit guarantee security account.any Shandong Sun Holdings Group Co. Ltd. held 18181717 RMB ord inary shares of which no share

was held through ordinary account and 18181717 shares were held through credit guarantee

security account.4. Change of controlling shareholders or beneficial controllers

Change of controlling shareholders during the reporting period

□ Applicable √ Not applicable

There was no change of controlling shareholders of the Company during the reporting period.Change of beneficial controllers during the reporting period

□ Applicable √ Not applicable

There was no change of beneficial controllers of the Company during the reporting period.5. Total number of holders of preference shares and the shareholdings of top ten holders of preference

shares

√ Applicable □ Not applicable

Unit: share

Total number of holders of Preference Shares as at the end of the reporting period 6

top ten holders of Preference Shares

Share pledged or

Preferenc

Number of locked-up

Nature of e

Name of shareholder preference

shareholder sharehold Status of

shares Number

ing shares

BANK OF COMMUNICATIONS INTERNATIONAL TRUST CO.Others 28.44% 6400000

LTD. – HUILI NO.136 SINGLE CAPITAL TRUST

Domestic

BEIJING YIBEN ZHONGXING INVESTMENT MANAGEMENT

non-state-owned 27.11% 6100000 Pledged 6100000

CO. LTD.legal person

Domestic

SHANGHAI SHIJIE BUSINESS CONSULTING CO. LTD. non-state-owned 18.40% 4140100 Pledged 4140000

legal person

Domestic

HENGFENG BANK CO. LTD. non-state-owned 13.33% 3000000

legal person

LEAD CAPITAL MANAGEMENT CO. LTD. – LEAD CAPITAL –

Others 7.02% 1580000

LI DE YING NO. 1 ASSET MANAGEMENT PLAN

LEAD CAPITAL MANAGEMENT CO. LTD. – LEAD CAPITAL –

Others 5.69% 1279900

LI DE YING NO. 2 ASSET MANAGEMENT PLANThe aforesaid holders of Preference Shares “LEAD CAPITAL MANAGEMENT CO. LTD.－LEADCAPITAL － LI DE YING NO.1 ASSET MANAGEMENT PLAN” and “LEAD CAPITALRelated party relationship or acting in MANAGEMENT CO. LTD.－LEAD CAPITAL－LI DE YING NO.2 ASSET MANAGEMENTconcert among the above shareholders PLAN” are persons acting in concert. Save for the above it is not aware that wheth er the remaining

holders of Preference Shares are persons acting in concert. It is also not aware that the aforesaid holders

of Preference Shares and the top ten ordinary shareholders are related to each other.6. Bonds subsisting as at the date of approval of the interim report

√ Applicable □ Not applicable

(1) Basic information on bonds

Outstanding

amount of

Interest

Name of bond Bond abbreviation Bond code Issue date Maturity date the bonds

rate

(RMB’000

0)

The public issuance of the Corporate Bonds of

17 Chenming Bond 21 August

Shandong Chenming Paper Hold ings Limited to 112570 17 August 2017 9000 7.28%

01 2022

qualified investors in 2017 (phase I)

The public issuance of the Corporate Bonds of

18 Chenming Bond

Shandong Chenming Paper Hold ings Limited to 112641 29 March 2018 2 April 2023 35000 7.60%01

qualified investors in 2018 (phase I)

(2) Financial indicators as at the end of the reporting period

Unit: RMB’0000

Item As at the end of the reporting period As at the end of the prior year

Gearing ratio 69.94% 71.83%

Item The reporting period The corresponding period of the prior year

EBITDA interest coverage ratio 4.00 2.72

III. Matters of significance

1. Change of listing venue of the domestic listed foreign shares and their listing and trading on the Main Board of the

Stock Exchange of Hong Kong Limited by conversion

On 9 March 2021 the Company held the 2021 first extraordinary general meeting the 2021 first class meeting for holders of

domestic-listed shares and the 2021 first class meeting for holders of overseas-listed shares. Proposal on the Domestic Listed Foreign

Shares of the Company Changing Listing Venue to be Listed and Traded on the Main Board of the Stock Exchange of Hong Kong

Limited by Way of Conversion and related matters were considered and approved. On 29 June 2021 the Company received the CSRC

Acceptance Notice of the Application for Administrative Permission issued by the China Securities Regulatory Commission stat ing

that it has decided to accept the administrative license application.For details please refer to the relevant announcements (announcement no.: 2021-0032021-018 and2021-053) of the Company

published on CNINFO on 30 January 10 March 2021 and 1 July 2021.2. Full redemption of the first-tranche preference shares

On 18 February 2021 the Company held the eighteenth extraordinary meeting of the ninth session of the Board to consider and

approve the Resolution on Redemption of the First-tranche Preferred Shares. On 17 March 2021 the Company paid a total of

RMB2348.1 million in redemption to shareholders of the first-tranche preference shares to fully redeem 22.5 million shares of the

first-tranche preference shares of the Company. On 18 March 2021 the Company received the Redemption Results Statement from the

Shenzhen Branch of China Securities Depository and Clearing Co. Ltd. The redemption and delisting of Chenming You 01 was

completed.For details please refer to the relevant announcements (announcement no.: 2021-013 2021-014 2021-016 2021-017

2021-019 2021-020 2021-022 2021-023) of the Company published on CNINFO on 19 February 26 February 5 March 12 March

16 March and 19 March 2021.3. The 2020 profit distribution plan

On 18 June 2021 the Company convened the 2020 annual general meeting at which the proposed 2020 profit distribution plan

was considered and approved. Based on the total number of ordinary shares of the Company as at the end of 2020 of 2984208200

shares and the 589005236 simulated ordinary shares converted from the second and third tranche preference shares using a conversion

ratio of 1 share valued at RMB3.87 as at the end of 2019 a cash dividend of RMB1.85 (tax inclusive) was to be distributed to ordinary

shareholders for every 10 shares held; a cash dividend of RMB1.85 (tax inclusive) per 10 simulated ordinary shares converted from the

second and third tranche preference shares was to be distributed to holders of preference shares. No bonus shares would be issued and

there was no increase of share capital from reserves. The cash dividend distributed to ordinary shareholders amounted to

RMB552078517.00 and a variable cash dividend distributed to holders of the second and third tranche preference shares amounted to

RMB108965968.66. In the event of changes in the total share capital of the Company before the dividend distribution registration date

the total profits distribution shall remain unchanged while the percentage of allocation will be adjusted accordingly.For details please refer to the relevant announcement (announcement no.: 2021-044) of the Company published on CNINFO on

19 June 2021.4. Information disclosure index for the second half of 2021

Announcemen Date of Publication website and

Subject matter

t No. publication index

2021-001 Announcement on the Release of Pledge of Shares held by Shareholders 5 January 2021 http://www.cninfo.com.cn

Announcement on the Release of Pledge and Continued Pledge of Shares held by

2021-002 19 January 2021 http://www.cninfo.com.cn

Shareholders

Announcement on Resolutions of the Seventeenth Extraordinary Meet ing of the Ninth

2021-003 30 January 2021 http://www.cninfo.com.cn

Session of the Board

Notice of the 2021 First Extraord inary General Meeting the 2021 First Class Meeting for

2021-004 Holders of Domestic-listed Shares and the 2021 First Class Meeting for Holders of 30 January 2021 http://www.cninfo.com.cn

Overseas-listed Shares

2021-005 Announcement on the Solicitation of Voting Rights by the Independent Director 30 January 2021 http://www.cninfo.com.cn

2021-006 Announcement on Receipt of Government Subsidies by Wholly-owned Subsidiaries 30 January 2021 http://www.cninfo.com.cn

Supplemental Notice on Convening the 2021 First Extraordinary General Meeting the

2021-007 2021 First Class Meeting for Holders of Domestic-listed Shares and the 2021 First Class 3 February 2021 http://www.cninfo.com.cn

Meeting for Holders of Overseas-listed Shares

2021-008 Announcement on Unusual Movement in Share Trading 4 February 2021 http://www.cninfo.com.cn

Announcement in respect of Provision of Guarantee in Favour of a Subsidiary for 10 February

2021-009 http://www.cninfo.com.cn

Financing 2021

Announcement on Receipt of High and New Technology Enterprise Certificate by a 10 February

2021-010 http://www.cninfo.com.cn

Subsidiary 2021

Amendment Announcement on The Proposal on the Domestic Listed Foreign Shares of

18 February

2021-011 the Company Changing Listing Venue to be Listed and Traded on the Main Board of The http://www.cninfo.com.cn2021

Stock Exchange of Hong Kong Limited by way of Conversion

Announcement on Unusual Movement in Share Trading 18 February

2021-012 http://www.cninfo.com.cn2021

Announcement in respect of Resolutions of the Eighteenth Extraord inary Meeting of the 19 February

2021-013 http://www.cninfo.com.cn

Ninth Session of the Board of Directors 2021

The First Indicative Announcement on the Redemption of the First-tranche Preference 19 February

2021-014 http://www.cninfo.com.cn

Shares 2021

Announcement on Unusual Movement in Share Trad ing 19 February

2021-015 http://www.cninfo.com.cn2021

The Second Indicative Announcement on the Redemption of the First-tranche Preference 26 February

2021-016 http://www.cninfo.com.cn

Shares 2021

The Third Indicative Announcement on the Redemption of the First -tranche Preference

2021-017 5 March 2021 http://www.cninfo.com.cn

Shares

Announcement on Resolution of the 2021 First Extraord inary General Meeting the 2021

2021-018 First Class Meeting for Holders of Domestic-listed Shares and the 2021 First Class 10 March 2021 http://www.cninfo.com.cn

Meeting for Holders of Overseas-listed Shares

Announcement on the Full Redemption and Delisting of the First -tranche Preference

2021-019 12 March 2021 http://www.cninfo.com.cn

Shares

The First Indicative Announcement on the Delisting of the First -tranche Preference

2021-020 12 March 2021 http://www.cninfo.com.cn

Shares

Supplemental Announcement on the Poll Results of 2021 First Class Meeting for Holders

2021-021 13 March 2021 http://www.cninfo.com.cn

of Overseas-listed Shares

2021-022 Announcement on the Delisting of the First-tranche Preference Shares 16 March 2021 http://www.cninfo.com.cn

2021-023 Announcement on the Redemption Result of the First-tranche Preference Shares 19 March 2021 http://www.cninfo.com.cn

Announcement in respect of Resolutions of the Eighth Meeting of the Ninth Session of

2021-024 26 March 2021 http://www.cninfo.com.cn

the Board of Directors

Announcement on Resolutions of the Eighth Extraordinary Meeting of the Ninth Session

2021-025 26 March 2021 http://www.cninfo.com.cn

of the Supervisory Committee

2021-026 Notice of 2020 Annual General Meeting 26 March 2021 http://www.cninfo.com.cn

2021-027 Announcement on Appointment of Auditor for 2021 26 March 2021 http://www.cninfo.com.cn

2021-028 Announcement on the Adjustment to the Guarantee Amount for Certain Subsidiaries 26 March 2021 http://www.cninfo.com.cn

2021-029 Announcement on Carrying out Factoring Business of Accounts Receivable 26 March 2021 http://www.cninfo.com.cn

2021-030 Announcement on the Receipt of Financial Assistance and Related Party Transaction 26 March 2021 http://www.cninfo.com.cn

2021-031 Announcement on the Resignation of Senior Management of the Company 26 March 2021 http://www.cninfo.com.cn

2021-032 2020 Annual Report Summary 26 March 2021 http://www.cninfo.com.cn

2021-033 Announcement on the 2020 Annual Online Performance Briefing 26 March 2021 http://www.cninfo.com.cn

Announcement on the Signing of the Convertible Bond Strategic Cooperation

2021-034 26 March 2021 http://www.cninfo.com.cn

Framework Agreement

Supplemental Announcement in respect of Resolutions of the Eighth Meeting of the

2021-035 27 March 2021 http://www.cninfo.com.cn

Ninth Session of the Board of Directors

Shandong Chenming Paper Holdings Limited Announcement on Payment of 2021

2021-036 Interest with Respect to the First Tranche of Corporate Bonds Publicly Issued to 31 March 2021 http://www.cninfo.com.cn

Qualified Investors in 2018

2021-037 Announcement on the Release of Pledge of Shares held by Shareholders 2 April 2021 http://www.cninfo.com.cn

2021-038 2021 First Quarterly Results Forecast 7 April 2021 http://www.cninfo.com.cn

2021-039 2021 First Quarterly Report 20 April 2021 http://www.cninfo.com.cn

Announcement on the Resignation of Employee Representative Supervisors and the

2021-040 20 April 2021 http://www.cninfo.com.cn

By-election of Supervisors

2021-041 Announcement on Pledge of Shareholders’ Shares 22 April 2021 http://www.cninfo.com.cn

Announcement on the Development of Financing Business and the Provision of

2021-042 30 April 2021 http://www.cninfo.com.cn

Guarantees

2021-043 Announcement on Receipt of Government Subsidies by Subsidiaries 15 June 2021 http://www.cninfo.com.cn

2021-044 Announcement on Resolutions of 2020 Annual General Meeting 19 June 2021 http://www.cninfo.com.cn

2021-045 Announcement in respect of Provision of Guarantee in Favour of a Subsidiary 23 June 2021 http://www.cninfo.com.cn

Announcement on Resolutions of the Nineteenth Extraord inary Meeting of the Ninth

2021-046 26 June 2021 http://www.cninfo.com.cn

Session of the Board of Directors

Announcement on Capital Increase and Introduction of Strategic Investors of a

2021-047 26 June 2021 http://www.cninfo.com.cn

Majority-owned Subsidiary

2021-048 Announcement on the Development of Equipment Financing Business 26 June 2021 http://www.cninfo.com.cn

2021-049 Announcement on External Investment 26 June 2021 http://www.cninfo.com.cn

Announcement in respect of Provision of Guarantee in Favour of Subsidiaries by a

2021-050 26 June 2021 http://www.cninfo.com.cn

Wholly-owned Subsidiary

Announcement on Receipt of Government Subsidies by the Subsidiary Zhanjiang

2021-051 26 June 2021 http://www.cninfo.com.cn

Chenming

2021-052 Announcement on Pledge of Shareholders’ Shares 29 June 2021 http://www.cninfo.com.cn

5. Introduction of strategic investors by Shouguang Meilun

On 25 June 2021 the 19th extraordinary meeting of the ninth session of the Board of the Company considered and approved the

Proposal on Capital Contribution and Introduction of Strategic Investors of a Majority-owned Subsidiary. The Company introduced

CCB Financial Assets Investment Company Limited (on behalf of the CCB Investment-Shandong Development Debt-to-Equity

Swap Investment Scheme) and SWSC Innovation Investment Co. Ltd. to contribute capital to Shouguang Meilun. CCB Financial

Assets Investment Company Limited (on behalf of the CCB Investment-Shandong Development Debt-to-Equity Swap Investment

Scheme) and SWSC Innovation made a capital contribution amount of RMB1.4 billion and RMB0.2 billion respectively.For details please refer to the relevant announcement (announcement no.: 2021-047) of the Company published on CNINFO on

26 June 2021.The Board of

Shandong Chenming Paper Holdings Limited

26 August 2021