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Recently approved by the China Securities Regulatory Commission, offset paper futures options officially commenced trading on the Shanghai Futures Exchange. This marks the world’s first listed futures options for cultural paper products, signifying a new phase in risk management for China's paper industry. C&D Inc. (600153.SH) participated in the first batch of transactions following the listing.

As a participant in the offset paper futures market, C&D Inc. possesses a comprehensive delivery network. Its subsidiaries C&D Warehousing and Xiamen C&D Paper & Pulp Group Co., Ltd. recently obtained qualifications as offset paper futures delivery warehouses and delivery factories respectively. The launch of offset paper futures and options will significantly enhance its service capabilities in bulk commodities.

Additionally, Xiamen C&D Paper & Pulp Group Co., Ltd. received the 2025 China’s leading industrial internet enterprise award for its exploration and innovation in industrial internet, leveraging integrated digital solutions to drive transformation and upgrading across upstream and downstream industries.