Core Viewpoint - Xinhua Global Holdings (00723) has seen a significant stock price increase, rising over 23% during trading, with a current price of 0.295 HKD and a trading volume of 19.2938 million HKD, following the announcement of a cooperation agreement with Fenglin Group (601996) [1] Group 1: Cooperation Agreement - Xinhua Global Holdings' subsidiary, Huitong Resources, has signed a cooperation agreement with Fenglin Group to jointly explore the EU market for engineered wood products and related items [1] - The partnership aims to enhance both companies' market share and brand influence in the EU, establishing an efficient sales and service network to provide high-quality products and services to customers [1] - The agreement includes discussions on deeper industrial cooperation, such as establishing sales points, product consignment, supply chain integration, and potential joint ventures for future factory setups [1] Group 2: Regional Representation - Fenglin Group has authorized Huitong Resources to act as the regional agent for its engineered wood products in several EU countries, including Romania, Serbia, Croatia, Germany, France, and Italy during the cooperation period [1]