Core Viewpoint - The stock of Xinbao Global Holdings (00723) experienced a significant increase, rising over 23% during trading, with a current price of 0.295 HKD and a trading volume of 19.29 million HKD, following the announcement of a cooperation agreement with Fenglin Group (601996.SH) [1] Group 1: Company Developments - Xinbao Global Holdings' subsidiary, Huitong Resources, has signed a cooperation agreement with Fenglin Group to jointly explore the artificial board and related product market in the EU [1] - The partnership aims to enhance both companies' market share and brand influence in the EU, establish an efficient sales and service network, and 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 construction [1] Group 2: Market Impact - Fenglin Group has authorized Huitong Resources to act as the regional agent for its artificial board products in several EU countries, including Romania, Serbia, Croatia, Germany, France, and Italy, during the cooperation period [1]