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Huaxi Holdings Company Limited was incorporated in Cayman Islands in April 2013. The main subsidiaries of the Group, Shantou Xinda Colour Printing & Packing Material Company Limited and Huazhang Biotechnology (Shanghai) Company Limited are carrying the cigarette-related packaging materials and biotechnology research business respectively.

SHANTOU XINDA COLOUR PRINTING & PACKING MATERIAL COMPANY LIMITED
The first subsidiary of Huaxi Group, Shantou Xinda Colour Printing & Packing Material Company Limited (汕頭市信達彩印包裝材料有限公司) (formerly known as Shantou Special Economic Zone Xinda Colour Printing Co. Ltd. (汕頭經濟特區信達彩印有限公司), was establish in 1992. The company signed the first sales contract with a cigarette manufacturer in Hubei Province. Our business develop in the last twenty-one years. In 2000, the Group obtained the first sale contract with Shanghai Tobacco Group Co. Ltd. (上海煙草集團有限責任公司). Now, Shanghai Tobacco Group is still one of our major customer. In 2008, the Group signed the first sales contract with China Tobacco Guangdong Industrial Co., Ltd. (廣東中煙工業有限責任公司). Both parties is keeping a long-term strategic relationship. According to the Ipsos Report 2012, we were the fourth largest manufacturer in the cigarette-related packaging materials market (comprising inner frame paper, cigarette box frame paper, tipping paper, cigarette trademark labels, cigarette paper boxes and others) with market share of approximately 7.4%.

GUANGDONG FOXIN ENVIORNMENTAL MANAGEMENT COMPANY LIMITED
In July 2015, the Group expanded its business to eco-rehabilitation business through establishing a non-wholly-owned indirectly subsidiary, namely Guangdong Foxin Environmental Management Company Limited (廣東佛欣環境治理有限公司) (“GD Foxin”), in the PRC. Through microorganism and biotechnology, GD Foxin will launch into water treatment of rivers and lakes, sewage treatment and the eco-rehabilitation projects.



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