January 13, 2014, China Packaging Holdings Development Limited (“China Packaging Holdings”) successfully launched its initial public offering for a Hong Kong Stock Exchange main board listing under the stock code of 1439. The company globally issued 200,000,000 shares at HKD 0.51 per share and raised approximately HKD 74,300,000 after deduction of all kinds of listing expense and fees.

China Packaging Holdings is one of the largest paper-based packaging product manufacturers in Jiangxi Province and principally engaged in the design, manufacture and sale of paper packaging.

Jingtian & Gongcheng acted as the issuer’s PRC legal counsel.