Yueyang Forest & Paper Co., Ltd. (Stock Abbreviation: Yueyang Forest & Paper; Stock Code: 600963) is a state-owned listed enterprise controlled by China Chengtong Holdings Group Co., Ltd. and ultimately supervised by the State-owned Assets Supervision and Administration Commission of the State Council. The Company is a national high-tech enterprise, a national green factory, and a leading national forestry enterprise. Adhering to an integrated forestry-pulp-paper development strategy, the Company’s core businesses encompass research, production, and sales of cultural papers (e.g., offset printing paper, coated paper), industrial papers, packaging papers, and specialty papers (e.g., food packaging paper, medical packaging paper, thermal base paper). Additionally, the Company has extended its operations into ecological environmental protection (including forestry carbon sink development and trading) and green, low-carbon new materials. The Company operates production bases in Yueyang (Hunan Province), Liuzhou (Guangxi Zhuang Autonomous Region), Chengde (Hebei Province), and Quzhou (Zhejiang Province), establishing production capacity coverage across Central, South, North, and East China, with total annual capacity approximating 1.8 million tons. It owns or jointly manages over 2 million mu (approx. 333,333 hectares) of forestland; has registered three CCER (Chinese Certified Emission Reduction) forestry carbon sink projects; and has signed agreements for carbon sink development covering over 1.2 million mu (approx. 200,000 hectares), generating carbon sink revenue exceeding RMB 40 million in 2023. Leveraging its National-level Enterprise Technology Center, Postdoctoral Research Workstation, and Hunan Provincial Engineering Technology Research Center for Paper-based Functional Materials, the Company holds over 300 valid patents (including more than 80 invention patents) and has led or participated in the formulation and revision of over 20 national and industry standards. It is certified under ISO 9001, ISO 14001, and ISO 45001 management systems, as well as FSC/PEFC forest certification and the Global Recycled Standard (GRS). Its “Double-Glue Paper” and “Coated Paper” have consecutively received the title “China Famous Brand Product” for many years, and its “Yueyang Paper” trademark is a China Well-known Trademark. Its products are widely applied in textbooks and teaching aids, official documents for Party and government organs, premium packaging, and medical consumables, serving customers including the People’s Education Press, China Post Group, China Tobacco Corporation, and multiple Fortune Global 500 enterprises. Exports reach Southeast Asia, the Middle East, Africa, and other regions, accounting for 5.2% of total revenue in 2023. The Company sincerely invites deep collaboration and joint innovation in areas including green papermaking, customized specialty papers, forestry carbon sink development, collaborative R&D of paper-based functional materials, and supply chain cooperation.