Group 1 - The core viewpoint of the article highlights the recent developments regarding Jihong Co., Ltd., including a significant shareholder transfer and progress on its overseas production facility in the UAE [1] Group 2 - On December 2, Jihong Co., Ltd. saw a shareholder transfer of stocks from Shanhigh International Securities to Fuzhong Securities, with a market value of HKD 125 million, accounting for 15.62% of the company [1] - The company has invested approximately USD 45 million in the construction of its packaging production base in the Ras Al Khaimah Economic Zone, which is its first overseas factory [1] - The main structure and external works of the factory have been completed, and internal decoration is currently underway, with an expected completion and production start date in March 2026 [1] - Once fully operational, the facility will produce 24 million standard boxes of tobacco packaging and an annual output of 35,000 to 50,000 tons of corrugated packaging [1]