Core Viewpoint - Jihong Co., Ltd. (02603) has seen its stock price increase by over 8% during trading, currently up 6.88% at HKD 14.44, with a trading volume of HKD 20.45 million [1] Group 1: Company Announcement - On January 12, Jihong Co., Ltd. announced that its wholly-owned subsidiary, Hong Kong Zhuque International Co., Ltd., plans to establish a wholly-owned subsidiary in Shenzhen named Shenzhen Jihong Packaging Co., Ltd. with a registered capital of HKD 60 million to 80 million [1] - The establishment of the Shenzhen subsidiary is aimed at enhancing the company's packaging business layout, aligning with the overall development strategy and operational needs of the company [1] - In addition to production and sales, the Shenzhen subsidiary will be responsible for the main tasks of the company's domestic and international packaging production base's research and design center, including research and development of packaging materials, design of packaging solutions, process innovation, and technical support [1] - This initiative is expected to facilitate centralized management and efficient allocation of R&D resources, shorten decision-making processes, and improve the efficiency of R&D results conversion, positively impacting the expansion of the company's packaging business [1]