Effective July 1, 2026, each business unit will adopt its own brand identity as part of the Group’s ongoing transformation. This transition will affect the business units: -Cartiere del Garda (Fine Papers including C2S and Uncoated) -Torraspapel (Specialties including C1S, Flexible Packaging, Labels and Carbonless) -Adestor Self-Adhesives What will change: -Company names, visual identities, websites, and email communications. -Administrative documents, including invoices, delivery notes, purchase orders, and contracts.

Global Win Capital Corporation (GWCC) ultimately owned by Shanying International, announced the appointment of Michael Grimm as its new president and chief executive officer. Grimm assumes day-to-day leadership of the North American business unit and underlying investment in North America which includes Phoenix Paper Wickliffe LLC. Mr. Grimm brings more than 30 years of relevant manufacturing experience to his new role. The announcement was approved by the board of directors of GWCC and was shared by Henry Yan Vice President of Shanying International, who remarked that Grimm was a “standout in a long, intensive international search.” Henry also added, “Mike is a strong match for what we were looking for to lead the North American business unit. He brings direct experience in the Uncoated Freesheet market as well as a solid track record of leading manufacturing organizations through highly successful operational and commercial transformations. We welcome Mike and are excited about the extensive knowledge and experience he brings to Phoenix Paper.”

Earlier today we notified our employees that we have completed the sale of Twin Rivers’ unbleached Kraft paper mill in Pine Bluff, Arkansas to American Kraft Paper Industries, an affiliate of the global industrial group American Industrial Acquisition Corporation (AIAC). Our press release, which will be published this afternoon, is included for your reference. The sale of Pine Bluff is aligned with Twin Rivers’ strategy of prioritizing the growth of our core specialty papers business and product offering and investing in our Madawaska and New York assets. Twin Rivers Paper is pleased to continue serving your needs for all paper grades made at our Madawaska and New York mills. If Angela Swenson has been your account lead for Madawaska or New York grades, a Twin Rivers account manager will be contacting you immediately to ensure your ongoing needs are fully met.