According to the announcement of Forest Packaging Group, its wholly-owned subsidiary Forest Renewable Resources (Thailand) Co., Ltd. broke out at about 2 o'clock on November 25, 2021, and the direct fire area was about 7,500 square meters. After the fire broke out, the company's employees, firefighting and other related department personnel put out the fire with all efforts, and the open flame was basically extinguished at about 5 o'clock.

After the accident, Forest Packaging Group immediately launched an emergency response plan, cooperated with local relevant departments to do on-site rescue work, and actively cooperated with local relevant departments to investigate the cause of the accident.

Forest Packaging Group stated that the accident did not cause casualties, environmental pollution accidents and secondary disasters. The estimated direct loss caused by this accident is about 15 million yuan, which will not have a significant impact on the company's production and operation.

It is understood that after China canceled the import of foreign waste paper, domestic paper mills were forced to transfer waste paper from Europe and the United States to Southeast Asia and other countries in a curve, and then sent back to domestic processing after making wet pulp or dry pulp board of waste paper, which led to the production of packaging paper in my country. The cost increase has directly contributed to domestic inflation.