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Nine Dragons Paper, founded in 1995 and headquartered in Dongguan, Guangdong Province, was listed on the Hong Kong Stock Exchange Main Board in 2006 (stock code: 2689.HK). One of the world’s largest paper manufacturing groups by production capacity and a leading integrated pulp and paper enterprise, it specializes in eco-friendly packaging paper, cultural paper, high-quality wood pulp paper, and related upstream/downstream industries. As at end 2024, the group has annual paper production capacity of 23 million tonnes, pulp capacity of 4 million tonnes, total assets exceeding RMB 140 billion, an annual output value of RMB 70 billion, and a workforce of 20,000 employees.