[ET Net News Agency, 5 October 2021] Nine Dragons Paper (Holdings) Limited (02689) said
the board intends to put forward a proposal to the shareholders at the AGM to reduce an
amount of RMB2,800,000,000 standing to the credit of the share premium account of the
company and to transfer such amount to the contributed surplus account in accordance with
applicable laws of Bermuda and the Bye-laws.
The directors propose the share premium reduction as they consider it unnecessary to
maintain the share premium account at its current level. (RC)