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. transferred shares worth HKD 125 million from Shankao International Securities to Fuzhong Securities, representing 15.62% of the company's shares [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 paper packaging and an annual output of 35,000 to 50,000 tons of supporting cardboard packaging [1]

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]

Core Viewpoint - Jihong Co., Ltd. has made significant progress in the construction of its packaging production base in Ras Al Khaimah Economic Zone, UAE, marking its first overseas factory, with an expected completion and production start date in March 2026 [1] Group 1: Investment and Construction Progress - The total investment in the construction of the packaging production base is approximately $45 million [1] - The main structure and external works of the factory have been completed, and internal decoration is currently underway [1] Group 2: Production Capacity and Goals - Once fully operational, the base will produce 24 million standard boxes of tobacco packaging and an annual output of 35,000 to 50,000 tons of corrugated packaging [1] - The company aims to transition from merely exporting products to establishing its brand overseas, leveraging local partners to build a sales network and enhance its global presence [1]

Core Viewpoint - Jihong Co., Ltd. has made significant progress in the construction of its packaging production base in Ras Al Khaimah Economic Zone, UAE, with a total investment of approximately $45 million, marking its first overseas factory [1][1]. Group 1: Company Developments - The construction of the factory's main structure and external works has been completed, and internal decoration is currently underway [1][1]. - The factory is expected to be completed and put into operation by March 2026 [1][1]. - Once fully operational, the facility will produce 24 million standard boxes of tobacco paper packaging and an annual output of 35,000 to 50,000 tons of supporting cardboard packaging [1][1]. Group 2: Strategic Goals - The company aims to transition from merely exporting products to establishing its brand overseas, leveraging local partners' resources to build a sales network [1][1]. - This initiative is part of a broader strategy to advance the "China Intelligent Manufacturing" overseas layout and development plan [1][1].