Zhanjiang Guanli Paper Packing Co., Ltd.

Harbin Bingxin Paper Co., Ltd. (Master Kong)

Qingdao Xinrong Packing Co., Ltd.

Dongguan Shengda Paper Products Co., Ltd.

Anhui Haosen Paper Industry Co., Ltd.

Quanzhou Guanyuan Paper Products Packing Co., Ltd.

Chuzhou Huayi Rouyin Environmental Protection Technology Co., Ltd. (Xiamen Hexing Group)

Tianjin Bingxin Paper Co., Ltd. (Master Kong)

Tianjin Tiandihe Color Printing Co., Ltd.

Suzhou Mingxinbao Packing Materials Co., Ltd. (Taiwan-invested)