Core Insights - The global cosmetics industry is undergoing significant changes, with increasing consumer demand for personalization and eco-friendly packaging, prompting brands to focus on supply chain efficiency and cost control [1][4] - Xianggang Technology and Cosmax (China) have signed a strategic cooperation agreement aimed at enhancing product competitiveness through cost-effective packaging solutions [1][3] Group 1: Strategic Cooperation - The partnership aims to leverage Xianggang Technology's capabilities in packaging materials to support Cosmax (China) in product development, supply chain optimization, and cost control [1][3] - Cosmax (China) has over 5,000 employees and four production bases in Shanghai and Guangzhou, indicating a strong operational presence [1][2] Group 2: Market Position and Financial Performance - Cosmax Group, established in 1992, has a leading position in the global ODM cosmetics sector, with a projected 21.9% year-on-year sales growth in 2024 [2] - Xianggang Technology has developed an integrated business model covering product design, optimization, production, and logistics, enhancing its competitive edge in the packaging industry [2][3] Group 3: Green Production Initiatives - Both companies emphasize green production, with Xianggang Technology advocating for eco-friendly practices and achieving significant improvements in environmental performance [4][5] - Cosmax (China) has been recognized in the "2024 Green Manufacturing Demonstration List" in Shanghai, showcasing its commitment to sustainable practices throughout the product lifecycle [5] Group 4: Business Synergy and Future Outlook - The collaboration is expected to deepen business synergy, enhancing the efficiency of packaging and cosmetic production processes [3][6] - Xianggang Technology plans to continue investing in R&D and optimizing production processes to ensure product safety and efficacy, while also expanding its international market presence [6]