Hong Kong Jihong Signs Strategic Cooperation Agreement With Huafeng Technology

Joining Hands with 'Hangshi System' Benchmark Enterprises to Open a New Chapter in the Middle East Market

Recently, Zhuang Hao, Chairman of Jihong Co., Ltd., and Lu Tashan, Deputy General Manager of the Board, visited Zhejiang Huafeng Paper Group Co., Ltd., a core enterprise under Hangshi Group, to conduct an industrial inspection and exchange on cooperation. They also officially signed a strategic cooperation agreement with Huafeng Technology to jointly expand the Middle East market for cigarette paper. This signing marks a key step in Jihong Co., Ltd.'s globalization strategy of 'teaming up for overseas markets and achieving collaborative wins.'

Chen Bailin, Member of the Party Committee and Deputy General Manager of Hangshi Group, attended and witnessed the signing ceremony. He stated that as a city-owned investment platform listed among the Fortune Global 500, Hangshi Group always adheres to the concept of open collaboration and mutually beneficial development, fully supporting its member enterprises in carrying out high-level strategic cooperation. The strong partnership between Jihong and Huafeng is a model combination of 'state-owned enterprise strength and private enterprise vitality.' In the future, it will leverage Hangshi Group's powerful resource enablement system to assist both parties in achieving deep industrial chain collaboration and co-creation of value.

Teaming Up to Go Global: Expanding New Frontiers Through Collaboration

At the signing ceremony, Chairwoman Zhuang Hao elaborated on Jihong Co., Ltd.'s strategy for going global. She emphasized that Chinese enterprises have moved from "going solo" to a new phase of "collective win-win." "We not only need to go global ourselves but also 'team up to go global'-working hand in hand with high-quality partners across the industry chain to build an overseas ecosystem characterized by shared resources, complementary capabilities, and joint risk management."

Zhuang Hao highlighted that the Middle Eastern market holds enormous potential but is also culturally diverse, politically complex, and has high supply chain barriers. "It's difficult for a single company to establish a foothold quickly and operate efficiently. By collaborating with a company like Huafeng, which has a century of technological accumulation and advantages in high-end paper-based materials, we can achieve a '1+1>2' synergy-Jihong provides market insights, channel networks, and localized operational capabilities, while Huafeng contributes core technology, product quality, and supply chain support, jointly creating a new overseas expansion model driven by both 'technology and market.'"

Embracing Change: Reconstructing the Overseas Logic Through 'Technology + Ecosystem'

Currently, the global packaging industry is rapidly transforming toward green, intelligent, and localized solutions. Jihong Co., Ltd. has consistently adhered to a dual-driven strategy of "technology empowerment and regional deep cultivation" and has established its first overseas packaging production base in the Ras Al Khaimah Economic Zone in the UAE. It is expected to commence operations in March 2026, significantly shortening delivery times, reducing logistics costs, and providing overseas clients with more efficient and flexible one-stop packaging solutions.

"Going global is not simply about duplicating production; it is about reconstructing the ecosystem," Zhuang Hao stated. "In the future, Jihong will continue to uphold the 'team up to go global' concept, partnering with more outstanding Chinese enterprises with technology, heritage, and global ambitions like Huafeng, using a 'Chinese technology, local operations, and capital synergy' model to develop more demonstrative 'China solutions' in the global market."

The strategic signing with Huafeng Technology marks a significant milestone in Jihong Co., Ltd.'s globalization efforts and serves as a model for collaboration between 'Hangshi-series' companies and private enterprises in going global. Moving forward, Jihong Co., Ltd. will continue to deepen industry chain cooperation, expand new avenues for international collaboration, and contribute more to bringing Chinese manufacturing to the world.