ZHONGZHI ONLINE XINGTAI NEW MATERIAL CO., LTD

China Paper Online Xingtai New Materials Co., Ltd. was invested and established in 2017 with a registered capital of 60 million yuan, which is a comprehensive enterprise integrating production, sales, research and development of special paper and paper products. Since its establishment in 2017, it has invested in the establishment of a special paper production plant, located in Nanhe County, Xingtai City, covering an area of more than 100 acres. The company was wholly owned by China Paper Online (Suzhou) E-Commerce Co., Ltd., the parent company was established on May 13, 2005, and was successfully listed on the New Third Board in December 2015, with the stock code: 834648, the registered capital of 61,055,237 yuan, in December 2018, Beijing Jingpaper Group Co., Ltd. completed the equity delivery with Jiangsu Heyang Investment Co., Ltd., the original controlling shareholder of the parent company, and became the new controlling shareholder of the company. The resources of state-owned enterprises and the teams of private enterprises have achieved complementary advantages, injecting new vitality into the parent company, which has become a large-scale informatized and collectivized state-owned holding enterprise focusing on the paper industry and integrating online and offline resources.