China Paper Investment Co., Ltd. (hereinafter referred to“China Paper”), formerly known as China Materials Development and Investment Corporation, was established in 1988 and is a wholly-owned subsidiary of China Chengtong Holdings Group  Ltd. (Hereinafter referred to “China Chengtong”). China Chengtong is a state-owned capital operating company designated by the State-owned Assets Supervision and Administration Commission of the State Council. It is committed to highlighting value creation, deepening reform and innovation, and accelerating the construction and development of a state-owned capital operating company with higher quality. As the operation platform of China Chengtong’s pulp and paper division, China Paper is the only state-owned enterprise approved by the State-owned Assets Supervision and Administration Commission to have the main business of forest pulp paper production, development and utilization. It owns three listed companies: Guanhao High-tech (SH, 600433), Yueyang Forest & Paper (SH, 600963), and Meili Cloud (SZ, 000815). It products cover various paper products including printing paper for cultural transmission, coated whiteboard paper, coated cardboard, carbonless copy paper, thermal paper, and self-adhesive label paper etc., ranking first in the domestic coated cardboard for cigarette market, thermal paper market, carbonless copy paper market, and the market of paper for cultural transmission. 

As China Chengtong's strategic emerging industry incubation platform, China Paper unswervingly adhere to the strategic vision of “building a pulp and paper ecosystem based on automation, digitalization, and intelligent advanced manufacturing to serve a green and better life”, and proactively assumes the responsibilities to create a green industry and develop low-carbon circular economy. The company has built two production bases adhering to the concept of green integrated biorefinery in pulp and paper industry centering at Hunan and Guangdong, with a total production capacity of more than 3.5 million tons, ranking sixth in the national pulp and paper industry. It is committed to building a high-quality and sustainable industrial pattern of “large ecology”, actively implementing the national “Carbon Peaking and Carbon Neutrality” strategy, enhancing industry influence through the development of forestry carbon sinks and technological innovation, and developing new materials based on the R&D of fibrous raw materials and auxiliary chemicals; as for the ecological governance division, it focuses on green development and the cultivation of renewable energy businesses including water treatment, watershed management, ecological restoration, and photovoltaics etc.; as for the digitalization division, it is engaged in cloud computing and IDC business to serve the national strategy of “east data, west computing”. The company closely links its production and operations with serving the national strategy and the mission that state-owned central enterprises are given, and actively assumes social responsibilities in improving the ecological environment and serving the people’s needs for a better life.