China Sunshine Paper Holdings Company Limited announced that Mr. Zhang Zengguo has tendered his resignation as an executive Director with effect from 22 November 2023 due to work arrangement adjustments. Mr. Zhang ZG has confirmed that (i) he has no claim against the Company in respect of his resignation; (ii) he has no disagreement with the Board; and (iii) there is no matter in relation to his resignation that needs to be brought to the attention of the Shareholders and the Stock Exchange. The Board would like to express its gratitude to Mr. Zhang ZG for his valuable efforts and contributions to the Company during his tenure of office.

Following the resignation of Mr. Zhang ZG, the Board announced that Mr. Zhang Xiaohui (``Mr. Zhang XH'') has been appointed as a non-executive Director with effect from 22 November 2023.Mr. Zhang Xiaohui, aged 47, has more than 20 years of experience in operation and management in pulp and paper industry. Mr. Zhang XH joined Xiamen C&D Inc. as a sales clerk in July 1998 and was then promoted to the position of deputy general manager of Xiamen C&D Paper & Pulp Group Co. Ltd. being responsible for the operation and management of its paper pulp business.

Mr. Zhang XH has been serving as the general manager of Xiamen C&D since July 2023 and as a non-executive director of C&D Newin Paper & Pulp Corporation Limited since September 2023. He also serves as the vice chairman of China Paper Association and the vice chairman of All-China Paper and Pulp Industry Chamber of Commerce . Mr. Zhang XH obtained a bachelor's degree from Southeast University in 1998.

The Board hereby further announces that, with effect from 22 November 2023: (1) each of Mr. Zhang XH and Ms. Jiao Jie has been appointed as a member of the remuneration committee of the Company; and (2) each of Mr. Zhang XH and Ms. Zhang Tao has been appointed as a member of the nomination committee of the Company.